Bank Al Etihad – Ratings and Stable Outlook Affirmed

25 June 2026

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 or the Bank) 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. Our ESL assessment of Moderate does not result in any uplift for the LT FCR because the BSR is already at Jordan’s sovereign level (‘BB-’/Stable). While CI believes the willingness of the government to provide support remains high, its financial capacity is deemed…