Ratings of Housing Bank for Trade & Finance Affirmed with a ‘Stable’ Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has affirmed the Long- and Short-Term Foreign Currency Ratings (FCRs) of Housing Bank for Trade & Finance (HBTF) at 'BB-' and 'B', respectively. The Bank's Long-Term FCR is constrained by the ratings assigned to the sovereign ('BB-'/'B'/'Stable'), reflecting HBTF's base of operations in the Kingdom of Jordan and its relatively high exposure to the Jordanian sovereign, mainly in the form of Jordanian government paper and balances with the Central Bank of Jordan (CBJ).

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (Jordan, Housing Bank for Trade and Finance)
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