29.12.2009 - Ratings reflect JIBís strong franchise
From Arabnews.com: Jordan Islamic Bank for Finance & Investment (JIB), one of the oldest commercial Islamic banks set up in 1978 and the largest Shariah-compliant bank in Jordan, continues to consolidate its position in the sector in Jordan despite the opening of the Islamic finance market to foreign banks and a rise in problem financings due to the slowdown of the Jordanian economy in 2009 as a result of the impact of the global and regional credit crunch. Not surprisingly, Capital Intelligence (CI), the international rating agency specializing in the emerging markets, has recently re-affirmed JIBís financial strength rating of BBB- (BBB minus) and long-term and short-term foreign currency ratings of BB and B respectively..........................................Full Article: Source
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