Bank ABC Jordan – Rating s Affirmed with a Stable Outlook

Ref: JO003 21 CRA00- 0 1 2 4 November 202 2

Bank ABC Jordan – Rating s 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 Banking Corporation Jordan ( Bank ABC ) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed Bank ABC’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bb + ’, and Extraordinary Support Level (ESL) of High . The Outlook for the LT FCR and BSR is Stable.

CI’s ESL assessment does not result in any uplift for the LT FCR because the BSR is already at the sovereign level , and the Bank does not fulfil our criteria for being rated above Jordan’s ratings. Nevertheless, the likelihood of extraordinary support in the event of need is deemed to be high in view…