10.07.2009 - The tough economy is likely to hurt Jordanian bank asset quality
From Globalarabnetwork.com: The current tough economic environment is likely to hurt the asset quality of Jordan's banks, but the medium-term outlook remains good, said Standard & Poor's Ratings Services in a report published today, "Banking Industry Country Risk Assessment: Jordan." "Economic difficulties and the country's dependence on some cyclical sectors--such as export-oriented industries, real estate, and tourism--are, in our opinion, likely to hurt banks' asset quality because of the system's high exposure to these sectors," said Standard & Poor's credit analyst Mohamed Damak........Full Article: Source