Moody’s affirms Jordan rating at Ba3 with stable outlook
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Credit rating agency Moody’s affirmed Friday Jordan’s credit rating at Ba3 and maintains a stable outlook, despite ongoing regional security unrest.
In a recent report, the agency said the decision reflects Jordan’s resilient economic and financial institutions, alongside government reforms aimed at preserving economic and fiscal stability, ensuring public debt sustainability, attracting investment, and improving the efficiency of social spending.
It also highlighted continued financial and technical support from international partners, including the United States, the International Monetary Fund, and the European Union.
Moody’s forecasts economic growth to reach around 2.7% in 2026, rising to approximately 3% over the medium term.
The agency noted potential for stronger growth if the government accelerates the implementation of foreign investment projects. It also projected the current account deficit to stand at about 6%, citing regional instability.
On fiscal performance, the agency expects public debt as a share of GDP to gradually decline from 83% in 2025 to 76% by 2030.
On the monetary front, Moody’s pointed to the long-standing peg of the Jordanian dinar to the US dollar as a key factor supporting macroeconomic stability and limiting exposure to exchange rate fluctuations. It also noted that Jordan maintains substantial foreign currency reserves.
