VOL. XLII

No. 18

3-May-1999

EGYPT

TFBW Assigns Debt Ratings To CAB

Thomson Financial BankWatch (TFBW) has assigned debt ratingsto Jordans Cairo Amman Bank (CAB) as follows: Short-Term Local Currency DebtRating LC-1, Senior Debt Rating B+ and Senior Debt Local Currency Debt RatingLC-A+. CAB is the third largest bank in Jordan, and is now privately owned,with Banque du Caire and the Jordanian Government currently holding stakes ofonly 12% and 10% respectively. The agency said that in the last two...