Moody's Investors Service affirmed Jordan's long-term sovereign rating at Ba3 in both local and foreign currencies, maintaining a stable outlook. This reflects a balance between the strength of economic policies and the structural challenges facing the economy.
The agency indicated that the decision was based on the strength and effectiveness of the Kingdom's economic and financial policy-making institutions. Furthermore, the decision relied on continued international financial and technical support, and the existence of a base of domestic savings that contributes to economic stability.
Moody's indicated that the stable outlook reflects its expectation that the impact of regional conditions on the Jordanian economy will be relatively limited. Economic performance could improve if the government succeeds in implementing ongoing reforms and attracting more foreign investment.
This stabilization comes as the Jordanian government continues to implement an economic reform program aimed at boosting growth and improving the investment climate. The program also aims to maintain financial stability amidst complex regional and international circumstances.
