Jordan Commercial Bank – Ratings Affirmed with a Positive Outlook

Ref: JO020 2 3 CRA00- 0 1 2 1 May 202 4

Jordan Commercial Bank – Ratings Affirmed with a Positive Outlook

Capital Intelligence Ratings (CI Ratings or CI ) today announced that it has affirmed the Long-Term Foreign Curren cy Rating ( LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Jordan Commercial Bank ( JC B ) at ‘B + ’ and ‘B’, respectively. The Outlook for the LT FCR remains Positive. At the same time, CI Ratings has affirmed JCB’s Bank Standalone Rating ( BSR ) of ‘b+’ with a Stable Outlook , Core Financial Strength ( CFS ) rating of ‘bb-’, and Extraordinary Support Level ( ESL ) of Moderate.

The Bank’s BSR is derived from a CFS rating of ‘bb-’ and an O perating E nvironment R isk A nchor ( OPERA ) of ‘b+’, indicating high risk. While JCB’s ESL is Moderate , there is no uplift for the BSR as the latter is already at Jordan’s…