Tuesday 17, February 2009 by

S&P negative on NBK

Standard & Poor's said it has revised its outlook on National Bank of Kuwait (NBK) to negative from stable.

"The outlook revision reflects the weakening environment in which NBK operates, which is expected to put pressure on the bank's asset quality, financial performance, and ultimately on its stand-alone credit profile," said Standard & Poor's credit analyst Paul-Henri Pruvost. 

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