Middle East Economic Survey
S&P Downgrades Jordans Arab Bank
Standard & Poors Ratings Services announced on 28 November that it has lowered its long term counterparty credit ratings on Jordan-based Arab Bank PLC to BB from BB+. The short term counterparty credit ratings were affirmed at B, with a negative outlook. S&P said that the rating action follows recent negative rating action on the Kingdom of Jordan (MEES, 28 November). It noted that the...