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Fitch affirms Jordan Islamic Bank ratings

Posted on 26 July 2012

Fitch Ratings has affirmed Jordan Islamic Bank’s (JIB) Long-term Issuer Default Rating (IDR) at ‘BB-’ with a Stable Outlook, Short-term IDR at ‘B’ and Viability Rating at ‘bb-’. A full list of rating actions is at the end of this rating action commentary.
JIB’s IDRs are driven by the Viability Rating. The affirmation reflects the bank’s solid domestic franchise (JIB is the domestic market leader in Islamic banking in Jordan), strong liquidity and healthy profitability………………………………………..Full Article: Source

 
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