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وكالة الانباء الاردنية
S&P Keeps Jordan's Credit Rating at BB-
Standard & Poor's has affirmed Jordan's sovereign credit rating at BB- with a stable outlook, despite challenging regional conditions. The agency reiterated that Jordan's economic resilience, progress in economic, financial, and monetary reforms, rising foreign exchange reserves, and strong support from international partners have contributed to the stability of the rating. It projects economic growth of 2.5% in 2026, with an acceleration to an average of 3.2% during 2027-2029, supported by improved trade activity through Aqaba Port and the strength of remittances from abroad. The report also indicates that the budget deficit will reach 2.2% of GDP in 2026, with gradual improvements in the subsequent period, and highlights that pegging the dinar to the dollar has helped stabilize prices. It forecasts reserves totaling $26 billion in 2026 and inflation around 2.4% during the same period. The agency considers IMF-funded reforms and international support as key factors underpinning Jordan’s credit rating.
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