S&P keeps Jordan's credit rating stable at BB-
S&P Global has affirmed Jordan's sovereign credit rating at BB- with a stable outlook, despite challenging regional conditions. The agency highlighted the resilience of the Jordanian economy, progress in fiscal and monetary reforms, rising foreign reserves, and strong international support. It projects the economy will grow by 2.5% in 2026, increasing to 3.2% between 2027 and 2029, with a gradual improvement in the fiscal deficit to 2.2% of GDP in 2026. The agency also expects continued monetary stability through the peg of the Jordanian dinar to the US dollar. Additionally, reserves are forecasted to reach $26 billion by the end of 2026, with an average inflation rate of 2.4% between 2026 and 2029, thanks to government policies and IMF-supported reforms.
Notice: This Is an AI-Generated Summary
Comments (0)