Monday 10, December 2012 by Robin Amlôt

IIRA upgrades ratings of Jordan Islamic Bank

Islamic International Rating Agency (IIRA) has upgraded the ratings of Jordan Islamic Bank (JIB), part of the Al Baraka Banking Group, on the national scale to A+/A-1 (jo) (Single A plus/A-One) from A/A-1 (jo) (Single A/A-One). The international scale ratings of JIB have been reaffirmed with the foreign currency rating at 'BB+/A-3' (Double B Plus/A-Three) and the local currency rating at 'BBB-/A-3' (Triple B Minus /A- Three). Outlook on the ratings is 'Stable'.

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