Arab Jordan Investment Bank– Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Arab Jordan Investment Bank (AJIB or the Bank) at ‘BB-’ and ‘B’, respectively. At the same time, CI Ratings has affirmed AJIB’s Bank Standalone Rating (BSR) of ‘bb-’, Core Financial Strength (CFS) rating of ‘bb+’ and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Stable.

The BSR is derived from a CFS rating of ‘bb+’ and an Operating Environment Risk Anchor (OPERA) of ‘bb-’ (indicating moderate risk), and is constrained by Jordan’s sovereign ratings (‘BB-’/‘B’/Stable). While AJIB’s ESL is Moderate, there is no uplift for the BSR, as the latter is already at Jordan’s sovereign LT FCR level (‘BB-’/ Stable).

AJIB’s CFS is supported by strong asset quality, evidenced by the lowest NPL ratio in the sector and more…