Jordan – Ratings Affirmed with a Stable Outlook

22 May 2026

Rating Action

Capital Intelligence Ratings (CI Ratings or CI) has today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and LT Local Currency Rating (LT LCR) of Jordan 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 sovereign’s capacity to withstand moderate external shocks, as demonstrated by the resilience of the Jordanian economy and improving foreign reserve buffer, despite the challenging geopolitical landscape and continued external adversities. The ratings continue to be supported by low-to-moderate external debt and a relatively sound banking sector. The ratings also take into consideration the availability of external financing in the form of bilateral and multilateral loans from the World Bank and the IMF, as well as donor support from the US and the EU.

The ratings…