News & Credit Rating Announcements
15 December 2022 | Country: Jordan | Bank: Arab Bank plc
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Arab Bank Plc - Outlook Revised to Positive Following Sovereign Rating Action; Ratings Affirmed
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) Outlook of Arab Bank Plc (AB) to Positive from Stable. At the same time, the Bank's LT FCR and Short-Term Foreign Currency Rating (ST FCR) have been affirmed at 'B+' and 'B', respectively. The Bank's BSR and Core Financial Strength (CFS) rating have also been affirmed at 'b+ and 'bbb-', respectively.
Attachments
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Rating Announcement (CRA)
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