{"id":187421,"date":"2021-02-13T17:22:12","date_gmt":"2021-02-13T17:22:12","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=187421"},"modified":"2021-02-13T17:22:14","modified_gmt":"2021-02-13T17:22:14","slug":"kuwaiti-banks-outlook","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/","title":{"rendered":"Fitch lowers 11 Kuwaiti banks outlook to negative"},"content":{"rendered":"\n<p>Ratings agency Fitch lowered eleven Kuwaiti banks outlook from \u201cstable\u201d to \u201cnegative\u201d outlook on Thursday. <a href=\"https:\/\/www.fitchratings.com\/research\/sovereigns\/fitch-revises-kuwait-outlook-to-negative-affirms-at-aa-02-02-2021\">The agency lowered the outlook<\/a> of Kuwait sovereign itself this month.<\/p>\n\n\n\n<p>The agency said as &#8220;a significant proportion of the banking sector funding is related to the government&#8221;. Fitch also said the banks would come under pressure if the sovereign itself is &#8216;experiencing some form of stress\u2019.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Kuwaiti banks outlook<\/strong><\/h2>\n\n\n\n<p>The 11 Kuwaiti banks outlook changed are National Bank of Kuwait, Kuwait Finance House, Burgan Bank, Al Ahli Bank of Kuwait, Boubyan Bank, Gulf Bank, Commercial Bank of Kuwait, Ahli United Bank (Kuwait), Kuwait International Bank, Warba Bank , and Industrial Bank of Kuwait.<\/p>\n\n\n\n<p>Fitch said the Kuwaiti government will provide support to banks if necessary, noting. The agency pointed to the speed with which the central bank has moved in this regard.<\/p>\n\n\n\n<p>on February 2, Fitch lowered the Kuwaiti sovereign debt rating from \u201cstable\u201d to \u201cnegative\u201d. The agency kept the credit rating at \u201cAA\u201d.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Liquidity risks<\/strong><\/h2>\n\n\n\n<p>The credit rating agency lowered its outlook as expecting short-term liquidity risks. The government may draw on General Reserve Fund assets, particularly in the absence of a parliamentary mandate for the government to borrow.<\/p>\n\n\n\n<p>GRF is the main repository for all state revenues from oil revenues, and the revenues generated from its investments.<\/p>\n\n\n\n<p>Fitch added that \u201cthis risk is rooted in political and institutional gridlock that also explains the lack of meaningful reforms to tackle double-digit fiscal deficits\u201d.<\/p>\n\n\n\n<p>The agency pointed to the \u201cthe expected weakening of Kuwait&#8217;s fiscal and external balance sheets.\u201d<\/p>\n\n\n\n<p>However, Fitch said that the country \u201cwill remain among the strongest of Fitch-rated sovereigns\u201d.<\/p>\n\n\n\n<p>\u201cWithout passage of a law permitting new debt issuance, the GRF could run out of liquidity in the coming months without further measures to replenish it,\u201d Fitch said.<\/p>\n\n\n\n<p>\u201cDepletion of GRF liquidity would sharply limit the government&#8217;s ability to make good on its spending obligations and could result in significant economic disruption\u201d.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bnreport.com\/8-kuwaiti-banks-renewed-their-iso-certification\/\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ratings agency Fitch lowered eleven Kuwaiti banks outlook from \u201cstable\u201d to \u201cnegative\u201d outlook on Thursday. The agency lowered the outlook of Kuwait sovereign itself this month. The agency said as &#8220;a significant proportion of the banking sector funding is related to the government&#8221;. Fitch also said the banks would come under pressure if the sovereign [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":187422,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[189,278,1022,692],"class_list":["post-187421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-banks","tag-featured","tag-fitch","tag-kuwait"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fitch Lowers 11 Kuwaiti Banks Outlook To Negative - Bnreport<\/title>\n<meta name=\"description\" content=\"Bnreport - Finance - Ratings agency Fitch lowered eleven Kuwaiti banks outlook from \u201cstable\u201d to \u201cnegative\u201d outlook on Thursday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch Lowers 11 Kuwaiti Banks Outlook To Negative - Bnreport\" \/>\n<meta property=\"og:description\" content=\"Bnreport - Finance - Ratings agency Fitch lowered eleven Kuwaiti banks outlook from \u201cstable\u201d to \u201cnegative\u201d outlook on Thursday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-13T17:22:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-13T17:22:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/02\/Kuwaiti-Banks-Outlook.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"699\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BNR staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BNR staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/\"},\"author\":{\"name\":\"BNR staff\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\"},\"headline\":\"Fitch lowers 11 Kuwaiti banks outlook to negative\",\"datePublished\":\"2021-02-13T17:22:12+00:00\",\"dateModified\":\"2021-02-13T17:22:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/\"},\"wordCount\":327,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Kuwaiti-Banks-Outlook.jpg\",\"keywords\":[\"Banks\",\"Featured\",\"Fitch\",\"Kuwait\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/\",\"name\":\"Fitch Lowers 11 Kuwaiti Banks Outlook To Negative - Bnreport\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Kuwaiti-Banks-Outlook.jpg\",\"datePublished\":\"2021-02-13T17:22:12+00:00\",\"dateModified\":\"2021-02-13T17:22:14+00:00\",\"description\":\"Bnreport - Finance - Ratings agency Fitch lowered eleven Kuwaiti banks outlook from \u201cstable\u201d to \u201cnegative\u201d outlook on Thursday.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Kuwaiti-Banks-Outlook.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Kuwaiti-Banks-Outlook.jpg\",\"width\":1200,\"height\":699,\"caption\":\"Kuwaiti Banks Outlook\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kuwaiti-banks-outlook\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fitch lowers 11 Kuwaiti banks outlook to negative\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics &amp; Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\",\"name\":\"BNR staff\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/mnsa\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fitch Lowers 11 Kuwaiti Banks Outlook To Negative - Bnreport","description":"Bnreport - Finance - Ratings agency Fitch lowered eleven Kuwaiti banks outlook from \u201cstable\u201d to \u201cnegative\u201d outlook on Thursday.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/","og_locale":"en_US","og_type":"article","og_title":"Fitch Lowers 11 Kuwaiti Banks Outlook To Negative - Bnreport","og_description":"Bnreport - Finance - Ratings agency Fitch lowered eleven Kuwaiti banks outlook from \u201cstable\u201d to \u201cnegative\u201d outlook on Thursday.","og_url":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2021-02-13T17:22:12+00:00","article_modified_time":"2021-02-13T17:22:14+00:00","og_image":[{"width":1200,"height":699,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/02\/Kuwaiti-Banks-Outlook.jpg","type":"image\/jpeg"}],"author":"BNR staff","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"BNR staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/"},"author":{"name":"BNR staff","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e"},"headline":"Fitch lowers 11 Kuwaiti banks outlook to negative","datePublished":"2021-02-13T17:22:12+00:00","dateModified":"2021-02-13T17:22:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/"},"wordCount":327,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/02\/Kuwaiti-Banks-Outlook.jpg","keywords":["Banks","Featured","Fitch","Kuwait"],"articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/","url":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/","name":"Fitch Lowers 11 Kuwaiti Banks Outlook To Negative - Bnreport","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/02\/Kuwaiti-Banks-Outlook.jpg","datePublished":"2021-02-13T17:22:12+00:00","dateModified":"2021-02-13T17:22:14+00:00","description":"Bnreport - Finance - Ratings agency Fitch lowered eleven Kuwaiti banks outlook from \u201cstable\u201d to \u201cnegative\u201d outlook on Thursday.","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/02\/Kuwaiti-Banks-Outlook.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/02\/Kuwaiti-Banks-Outlook.jpg","width":1200,"height":699,"caption":"Kuwaiti Banks Outlook"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/kuwaiti-banks-outlook\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Fitch lowers 11 Kuwaiti banks outlook to negative"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics &amp; Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e","name":"BNR staff","url":"https:\/\/www.bnreport.com\/en\/author\/mnsa\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/187421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=187421"}],"version-history":[{"count":1,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/187421\/revisions"}],"predecessor-version":[{"id":187424,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/187421\/revisions\/187424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/187422"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=187421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=187421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=187421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}