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S&P revises outlooks of Arab Bank, Jordan Islamic Bank

Standard & Poor's Ratings Services on April 26 revisedto negative from stable the outlooks of Arab Bank Group unit Arab Bank Plc and Al Baraka Banking Group B.S.C. unit .

The outlook change, which follows a of Jordan's outlook, reflectsthe agency's belief that both units are vulnerable to sovereign stress inJordan as their capital bases are highly exposed to the country.

The rating agency also affirmed both banks' long- andshort-term counterparty credit ratings at BB-/B.

The BB+/B long- and short-term counterparty credit ratingsof Arab Bank units Europe ArabBank Plc and ArabBank Australia Ltd. were also affirmed, with outlooks that remainedstable.

S&P Ratings andGlobal Market Intelligence are owned by McGraw Hill Financial Inc.