VOL. XLVI

No 36

08-September-2003

JORDAN

RATINGS

Moodys Upgrades Jordan Banks Deposit Ratings Following Sovereign Upgrade

Ratings agency Moodys Investors Service on 3 September upgraded the long-term foreign currency deposit ratings of Jordans Housing Bank for Trade and Finance and Cairo-Amman Bank, and the Jordanian deposits of Arab Bank to Ba3 from B1. The agency also placed a positive outlook on Arab Banks non-Jordanian branch foreign currency deposit rating ceiling. The move reflects the recent...