...Support Drives Ratings: The Issuer Default Ratings (IDRs) of Kuwait Finance House (K.S.C.P.) (KFH) reflect an extremely high probability of support from the Kuwaiti sovereign, if needed. The Viability Rating (VR) reflects the bank's strong franchise, management and funding, improving financing quality and capitalisation, resilient profitability and concentrations below peers. It also considers a high risk appetite and exposures to challenging and volatile markets. Leading Islamic Franchise: KFH enjoys a 21.6% market share of domestic assets, second behind National Bank of Kuwait (24%). The group has a large branch network and geographical footprint, diversified banking and investment services, and a well-known brand to support distribution capabilities, deposit collection, revenue generation and profit margins. Strong Management: The bank's management is well experienced in local and regional banking. KFH's strategy is increasingly well articulated and consistent, balancing between domestic...
