Bank al Etihad – 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 Bank Al Etihad (BAE) at ‘BB-’ and ‘B’, respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed BAE’s Bank Standalone Rating (BSR) of ‘bb-’ with a Stable Outlook, Core Financial Strength (CFS) rating of ‘bb+’ and Extraordinary Support Level (ESL) of Moderate.

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. While BAE’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).

On 12 May 2025, BAE and Investbank (IB) (rated ‘BB-’/‘B’/Stable by CI) announced that their respective Boards of Directors had approved the…