S&P Retains Jordan Rating
S&P Retains Jordan Rating

S&P Retains Jordan Rating

S&P Retains Jordan Rating

Standard & Poor’s reaffirmed its BB-/B credit rating to Jordan, with a “negative” outlook due to a number of domestic and regional factors, Petra News Agency reported. Jordan was placed in the Banking Industry Country Risk Assessment’s 7th group, along with Bulgaria, El Salvador, Indonesia, Morocco, the Philippines, Portugal and Slovenia. The report cited “very high” economic resilience and credit risk in Jordan, with “intermediate” economic imbalances, while the industrial factors were described of “high” institutional framework, competitive dynamics and system-wide funding. “Despite low growth, we anticipate that the Jordanian authorities will continue to contain fiscal and external balances in 2017-2020, assisted by an International Monetary Fund program,” according to S&P.


Short URL : https://goo.gl/0f3mkg
  1. https://goo.gl/ltgFmg
  • https://goo.gl/fx4Yh8
  • https://goo.gl/hLQgBe
  • https://goo.gl/TvkLKH
  • https://goo.gl/4N8UTZ

You can also read ...

More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...

Add new comment

Read our comment policy before posting your viewpoints