Investbank’s Ratings Affirmed

Ref: JO009 2 2 CRA00-01 2 5 January 202 4

Investbank’s 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 Investbank (IB) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed IB ’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bb’, and E xtraordinary S upport L evel ( ESL ) of Moderate. The Outlook for the LT FCR and BSR remains Positive and Stable , respectively.

The BSR is derived from a CFS rating of ‘bb’ and an Operating Environment Risk Anchor ( OPERA ) of ‘b+’ (indicating high risk). Although IB’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 supported by IB’s…