Tuesday 27, December 2016 by

Housing Bank for Trade & Finance ratings affirmed, outlook stable

Capital Intelligence Ratings (CI) has affirmed the Long- and Short-Term Foreign Currency Ratings (FCRs) of Housing Bank for Trade & Finance (HBTF) at ‘BB-’ and ‘B’, respectively. The bank’s Long-Term FCR is constrained by the ratings assigned to the sovereign (‘BB-’/‘B’/‘Stable’), reflecting HBTF’s base of operations in the Kingdom of Jordan and its relatively high exposure to the Jordanian sovereign, mainly in the form of Jordanian government paper and balances with the Central Bank of Jordan (CBJ).

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