VOL. XLI

No. 32

10-August-1998

JORDAN

Thomson Bankwatch Rates Jordan's Arab Bank

The US ratings agency Thomson Bankwatch released on 30 June its assigned ratings forArab Bank PLC in Amman, Jordan. The ratings are:

Short-Term Debt Rating Assigned TBW-1

Senior Debt RatingAssigned AA-*

Thomson Bankwatch says that Arab Bank's asset quality is "extremely solid"with "more than sufficient asset liquidity to repay all foreign currencyobligations." The "unique capital structure" enables the bank ratings...