Mubasher: Kuwait Investments on Thursday announced that Moody’s Corporation has affirmed its rating at Ba2, with a stable outlook.
The rating has not changed since it was affirmed in November 2014 and reflected the Kuwaiti company’s profitability, according to a statement to Boursa Kuwait.
For the first quarter of 2018, Kuwait Investment’s profits declined 19.8% to KWD 3.81 million, from KWD 4.75 million in Q1-17.
By the end of Thursday’s session, Kuwait Investment’s stock jumped 5.4% to 117 fils.
