Capital Intelligence (CI) announced that it has affirmed Jordan Ahli Bank's (JAB)'s Long and Short-Term Foreign Currency Ratings (FCRs) at 'BB-' and 'B' respectively.

CI said that JAB’s FCRs are related to the sovereign in Jordan as JAB is considered as the base of operations in Jordan– mainly in the form of Jordanian government paper and balances with the Central Bank of Jordan (CBJ).

The Outlook for JAB's FCRs remains at 'Stable', CI highlighted, adding that the Support Level is set at '3', in view of the high likelihood of official support from the Central Bank of Jordan (CBJ) in the unlikely scenario of financial distress.

JAB’s capital amounts to about JOD 175 million, distributed on 175 million shares at JOD 1 par value each.

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