Ref: JO004 20 CRA00- 0 1 17 February 2021
Arab Jordan Investment Bank’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 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 the LT FCR and BSR is Stable.
The 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 official extraordinary support in the event of need is considered to be moderate. While CI believes the willingness of the government to provide support remains high, there…