VOL. XLIII
No. 40
2-OCTOBER-2000
JORDAN
Moodys Issues Stable-To-Negative Outlook On Jordanian Banks
US ratings agency, Moodys Investors Service, issued a stable-to-negative outlook on 26 September for the financial strength ratings (FSRs) of Jordans banking system. The rating reflects the banking sectors deteriorating asset quality, which has led to higher loan loss provisioning in the banks income statements as the economy starts to slow. According to the Moodys press statement, the aggregate...
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