Capital Bank of Jordan – Ratings Affirmed

Ref: JO01922 CRA 00-01 9 May 2023

Capital Bank of Jordan – 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 Capital Bank of Jordan (CAP) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed CAP’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bb’, and Extraordinary Support Level (ESL) of Moderate. The O utlook for the LT FCR and BSR remains Positive and Stable , respectively .

The Bank’s BSR is derived from a CFS rating of ‘bb’ and an Operating Environment Risk Anchor ( OPERA ) of ‘b+’ (indicating high risk). Although CAP ’s ESL is Moderate there is no uplift for the BSR as the latter is already at Jordan’s sovereign LT FCR level (‘B+’/Positive). The ratings are…