...Support Drives IDRs: Kuw ait Finance House (K.S.C.P.)'s (KFH) Issuer Default Ratings (IDRs) are driven by an extremely high probability of support from the Kuw aiti authorities, if needed. This considers Kuw ait's strong capacity to support the banking system and its record of supporting domestic banks. KFH's Viability Rating (VR) reflects its high risk appetite, w ith significant operations in more challenging markets than Kuw ait, w hich exposes the bank's earnings to volatility risk. It also factors in KFH's leading Islamic franchise in Kuw ait, solid asset quality, resilient profitability, sound capital ratios, stable funding, as w ell as a fairly stable operating environment in Kuw ait. Leading Islam ic Franchise: KFH has a strong franchise as the largest Islamic bank in Kuw ait and the country's second-largest bank. The geographical footprint, large branch netw ork, diversified banking and investment services as w ell as strong brand recognition strengthen the bank's distribution...
