Arab Jordan Investment Bank – Outlook Revised to Positive Following Sovereign Rating Action; Ratings Affirmed
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Ref: JO004 22PBK00-01 15 December 2022
Arab Jordan Investment Bank – Outlook Revised to Positive Following Sovereign Rating Action; Ratings Affirmed
Capital Intelligence Ratings (CI Ratings or CI) today announced tha t it has revised the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) Outlook of Arab Jordan Investment Bank (AJIB) to Positive from Stable. At the same time, the Bank’s LT FCR and Short-Term Foreign Currency Rating (ST FCR) have been affirmed at ‘B+’ and ‘B’, respectively. The Bank’s BSR and Core Financial Strength (CFS) rating have also been affirmed at ‘b+ and ‘bb+’, respectively.
The Positive outlook mirrors a similar action on Jordan’s sovereign ratings and indicates that the Bank’s LT FCR and BSR are likely to be raised by one notch in the next 12 months , provided the s overeign’s ratings are upgraded as currently expected. The Bank’s standalone…