Arab Bank Plc – Ratings Affirmed

Ref: JO0012 2 CRA00- 0 1 2 1 November 202 3

Arab Bank Plc – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI ) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT F CR ) and Short-Term Foreign Currency Rating (ST FCR) of Arab Bank Plc (AB) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed AB ’s Bank Standalone Rating ( BSR ) of ‘b+’ and Core Financial Strength ( CFS ) rating of ‘bbb-’. The Outlook for the L T FCR and BSR remains Positive .

The Bank’s BSR is derived from a CFS rating of ‘bbb-’ and an Operating Environment Risk Anchor (OPERA) of ‘b+’, and is constrained by Jordan sovereign risk factors. OPERA takes into account both current and projected economic and financial conditions in Jordan and all the other countries where AB is present, as well as the strengths and weaknesses of the respective…