Fitch Ratings: Jordan's Challenging Operating Environment Constrains Banks' Ratings

The operating environment in Jordan is stabilising but remains challenging for banks, Fitch Ratings says. This is due to below-potential GDP growth, elevated unemployment, a difficult, albeit slowly improving regional environment and rising social tension resulting from fiscal consolidation measures.  The Long-Term Issuer Default Ratings (IDRs) of Fitch-rated Jordanian banks…