Comment & Analysis
Regulation, Risk & Compliance
Uncategorized
Two Arab Bank Group Entities Cut To 'BB+/B'
We believe industry risks for Jordanian banks have increased due to deteriorating sovereign creditworthiness. Arab Bank Group is facing more risks due to its exposure to several high risk Middle Eastern and North African countries. We are consequently lowering our ratings on the group's subsidiaries Europe Arab Bank PLC and…
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Source: Standard & Poor