Mubasher: Fitch Ratings revised on Wednesday outlooks for Jordan Islamic Bank (JIB) and Bank of Jordan (BOJ) to Negative from Stable.
Meanwhile, the rating agency affirmed the two banks’ long-term issuer default ratings (IDRs) at 'BB-'.
Fitch has also affirmed Arab Bank Plc's (Arab Bank) Long-term IDR at 'BBB-'with Negative Outlook.
The Viability Ratings (VR) have been affirmed at 'bb-' for JIB and BOJ and at 'bbb-' for Arab Bank.
Fitch said the revision of the outlooks to Negative reflects its view of Jordan's still weak external and public finances despite falling oil prices and heightened political risk.
