Jordan Commercial Bank’s Ratings Affirmed with a Stable Outlook

Ref: JO020 20 CRA00- 0 1 27 July 2021

Jordan Commercial Bank’s Ratings Affirmed with a Stable 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. At the same time, CI Ratings has affirmed JCB’s Bank Standalone Rating ( BSR ) of ‘b+’, Core Financial Strength ( CFS ) rating of ‘bb-’ , and Extraordinary Support Level ( ESL ) of Moderate . The Outlook for the LT FCR and BSR remains Stable.

The Bank’s BSR is based on a CFS rating of ‘bb-’ and an O perating E nvironment R isk A nchor (OPERA) of ‘b+’. OPERA takes into account both current and projected economic and financial conditions in Jordan, as well as the strengths and weaknesses of the…