Moody’s Investors Service has changed the outlook on the A2 long-term foreign currency deposit rating of National Bank of Kuwait (NBK) to positive from stable. This action follows Moody’s change of Kuwait’s sovereign ratings outlook to positive earlier this year, in light of the further strengthening of the country’s fiscal and external positions and the successful conclusion regarding the succession of the new Emir. This upgrade of NBK’s long-term foreign currency deposit rating was due to the bank’s strong performance....