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

Housing Bank for Trade and Finance – 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 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 OPERA of ‘b+’, and incorporates CI’s assessment of HBTF’s capacity to withstand sovereign-induced economic and financial stress. OPERA takes into account both current and projected economic and financial conditions in Jordan, as well as the strengths and weaknesses of the banking sector.

CI’s…