Jordan Ahli Bank – Ratings Affirmed

JO012 2 2 CRA00- 0 1 1 4 December 202 3

Jordan Ahli Bank – 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 Jordan Ahli Bank (JAB) at ‘B+’ and ‘B’, respectively. The LT FCR Outlook remains Positive. At the same time, CI Ratings has affirmed JAB’s Bank’s Standalone Rating (BSR) of ‘b+’ 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 Operating Environment Risk Anchor (OPERA) of ‘b+’ (indicating high risk). The main constraining factor for the ratings is the challenging operating environment in Jordan and Palestine, together with high credit and geopolitical risks in the broader region aggravated by the …