Warba Bank's Additional Tier 1 Sukuk Issuance Is Credit Positive
ISSUER COMMENT BANKING MARCH 13, 2017 Warba Bank’s Additional Tier 1 Sukuk Issuance Is Credit Positive From Credit Outlook Last Tuesday, Kuwait’s Warba Bank K.S.C.P. (Baa2 stable, ba31) completed a $250 million Additional Tier 1 (AT1) sukuk issuance. The regulatory capital increase of around 1,360 basis points is credit positive because it reverses a decline in the bank’s Tier 1 capital ratio foll
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