Arab Bank Plc’s Ratings Affirmed with a Stable Outlook
Content is restricted
Summary
Ref: JO00120 CRA00- 0 1 23 November 2021
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.
The Bank’s BSR is derived from a CFS rating of ‘bbb-’ and an O perating Environment Risk Anchor (O PERA ) 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 the other countries w h ere AB is present, as well as the strengths…