Jordan Kuwait Bank’s Ratings Affirmed

Ref: JO01120 CRA00- 0 1 1 7 February 2022

Jordan Kuwait Bank’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 Jordan Kuwait Bank (JKB) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed JKB’s Bank Standalone Rating (BSR) and Core Financial Strength ( CF S) rating of ‘b+’, and ‘bb’ respectively, and the E xtraordinary S upport L evel (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 Operating Environment Risk Anchor (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 banking sector.

The ESL of Moderate does not…