Housing Bank for Trade and Finance – Ratings Affirmed with a Stable Outlook

Housing Bank for Trade and Finance – 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 Housing Bank for Trade and Finance (HBTF) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed HBTF’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bbb-’, and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable.

The BSR is based on a CFS rating of ‘bbb-’ and an Operating Environment Risk Anchor ( OPERA ) of ‘b+’, and incorporates CI’s assessment of HBTF’s capacity to withstand sovereign-induced eco nomic and financial stress. OPERA takes into account both current and projected economic and financial conditions in Jordan, as well as the strengths and…