Fitch Ratings has affirmed on Thursday Arab Bank's long-term Issuer Default rating (IDR) at ‘A-' (A minus) with Outlook Stable, its Short-term IDR ‘F1', Individual ‘B' and Support ‘5'. The Support Rating Floor is No Floor. The IDRs and Individual ratings reflect Arab Bank's leading position in the Middle East, global presence, consistent profitability, sound asset quality and strong capital base. In addition the bank's stable customer funding, diversification of risk and revenues, and prudent balance sheet management, with a strong focus on liquidity, are factored into the rating. The group is geographically diversified, with over 80 percent of consolidated assets outside Jordan, where it is based. Its equity is also widely spread within the group.
