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.