...Operating Environm ent Constrains Ratings : Bank of Jordan Plc's (BOJ) Issuer Default Ratings (IDRs) are based on its intrinsic strength as indicated by its Viability Rating (VR), w hich is constrained by Jordan's challenging operating environment given BOJ's largely domestic focus. Solid Dom estic Franchise : BOJ has a solid domestic franchise, especially in the corporate segment. The bank has a market share of about 5%-6% of system-w ide deposits and credit facilities supported by the third-largest branch netw ork in Jordan. It is classified as a domestic systemically-important bank (D-SIB) by the Central Bank of Jordan (CBJ). BOJ's loan book is relatively concentrated w ith the 20 largest exposures equalling 1.2x the bank's Fitch Core Capital (FCC) at end-September 2018, exposing BOJ to event risk. Healthy Asset Quality: BOJ's asset quality metrics are healthy, supported by the bank's conservative underw riting standards. The impaired loans ratio (gross of interest in suspense) stood...
