S&P Maintains Kingdom's Credit Rating
Standard & Poor's announced the reaffirmation of Jordan's sovereign credit rating at BB- with a stable outlook, despite regional challenges. The agency highlighted that Jordan's economic resilience, progress in economic reforms, and rising foreign reserves have contributed to this assessment. It expects the economy to grow by 2.5% in 2026, increasing to 3.2% between 2027 and 2029, supported by increased trade through the Port of Aqaba and expatriate remittances. Additionally, it forecasts the budget deficit to reach 2.2% of GDP in 2026, with foreign reserves reaching $26 billion by the end of 2026. Inflation is expected to remain stable at 2.4%, aided by government policies and reforms in cooperation with the International Monetary Fund and international support.
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