Arab Bank Plc’s Ratings Affirmed with a Stable Outlook

Ref: JO00119 CRA00- 0 1 24 November 2020

Arab Bank Plc’s Ratings Affirmed with a Stable Outlook

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 ) and Core Financial Strength ( CFS ) rating at ‘b+’ and ‘bbb-’, respectively. The Outlook for the L T FCR and BSR remains Stable.

Our Extraordinary Support Level ( ESL ) assessment does not result in any uplift for the Bank’s LT FCR because the BSR is already at the sovereign level. The likelihood of extraordinary support in the event of need is deemed to be moderate. While CI believes the willingness of the government to provide support remains high, there is some uncertainty…