Arab Jordan Investment Bank’s Ratings Affirmed with a Positive Outlook

Ref : JO004 22 CRA00- 0 1 15 March 2023

Arab Jordan Investment Bank’s Ratings Affirmed with a Positive Outlook

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) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affir med AJIB ’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bb+’, and Extraordinary Support Level (ESL) of Moderate. The Outlook for both the LT FCR and BSR is Positive .

The Bank’s BSR is based on a CFS rating of ‘bb+’ and an Operating Environment Risk Anchor (OPERA) of ‘b+’, and incorporates CI’s assessment of AJIB’s capacity to withstand sovereign-induced economic and financial stress. Although the Bank’s ESL is Moderate there is no uplift for the BSR…