News & Credit Rating Announcements
18 February 2021 | Country: Jordan | Bank: Jordan Kuwait Bank
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Jordan Kuwait Bank - Ratings Affirmed; CFS Lowered
Overview
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) of 'b+', and Extraordinary Support Level (ESL) of Moderate. The Outlook for both the LT FCR and BSR remains Stable. The Bank's Core Financial Strength (CFS) rating has however been adjusted to 'bb' from 'bb+'.
Attachments
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Rating Announcement (CRA)
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Bank Rating Report (Jordan, Jordan Kuwait Bank)
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