Jordan – Ratings Affirmed with a Stable Outlook
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Summary
Ref: JO 2 4 CRA00- 0 2 29 November 2024
Jordan – Ratings Affirmed with a Stable Outlook
Rating Action
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Jordan’s Long-Term Foreign Currency Rating (LT FCR) and L T Local Currency Rating (LT LCR) at ‘BB-’ . At the same time, CI Ratings has affirmed the sovereign’s Short-Term (ST) FCR and ST LCR at ‘B’. The Outlook on the ratings remains Stable .
Rating Drivers
The ratings reflect the demonstrated resilience of the Jordanian economy and its gradually improving capacity to withstand external adversities despite the increasingly challenging geopolitical landscape. These developments are underpinned by the government’s prudent macroeconomic policies, including ongoing fiscal consolidation efforts aimed at lowering general government debt over the medium term. In addition, external liquidity continue s to improve, supported by an…