Moody's Rates Two Jordanian Banks
Moody's Investors Service has given first time ratings on the deposits of Housing Bank of Jordan of B1/Not Prime and a Bank Financial Strength Rating (BFSR), which assesses a bank on a stand-alone basis, of D+. Moody's say that the Housing Bank has a relatively strong franchise with around 120 branches in Jordan, that it is well-capitalized and that the level of non-performing loans is declining and adequately provided for,...
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