Standard & Poor: Jordan’s credit rating is stable

Jordan

Published: 2018-09-22 14:42

Last Updated: 2021-02-26 10:01


Economic reform programs carried out by the government, played a role factor in reaffirming Jordan’s rating as stable
Economic reform programs carried out by the government, played a role factor in reaffirming Jordan’s rating as stable

Standard & Poor’s (S&P) affirmed Jordan’s stable B+ credit , noting that the Kingdom’s outlook remained stable due to the government's efforts to stabilize the debt position and support economic and financial reforms.

Minister of Finance Ezzeddin Kanakrieh said that the Kingdom’s ability to face the financial deficit and maintain a stable debt rate despite the weak economic growth has resulted in building the confidence of international institutions in Jordan’s economy.

Kanakrieh added that Jordan's efforts, led by His Majesty King Abdullah II, to attract foreign investments, aid and grants, in addition to economic reform programs carried out by the government, played a role factor in reaffirming Jordan’s rating as stable .

Standard & Poor's Financial Services LLC (S&P) is an American financial services company. It is a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities.