Khaberni - "Capital Intelligence" credit rating agency announced the affirmation of Jordan's sovereign credit rating at "-BB" level for the long-term and "B" for the short-term, maintaining a stable outlook.
The decision reflects the agency's assessment of Jordan's ability to withstand external pressures despite the complex geopolitical conditions in the region.
The agency notes that Jordan's rating is based on the economy's ability to withstand external shocks, benefiting from improved foreign reserves and the resilience of the domestic economy, as well as the rating being supported by the low-to-moderate level of external debt and the presence of a banking sector characterized by robustness and effective regulation.
The agency adds that the availability of external financing from bilateral and multilateral agencies, such as the World Bank, International Monetary Fund, and the European Union, contributes to mitigating economic risks.
The agency believes that the government's external debt commitments are within Jordan's repayment capacity.
Capital Intelligence confirms that the lifting of sanctions on Syria and the potential resumption of trade through it will alleviate some pressures, and sees that the new agreement between Jordan and the European Union helps to offset the impact of freezing some USAID projects.
The agency points out that the stable outlook reflects a balance between improved reserves and the availability of international support, versus ongoing pressures on public finances and a rising public debt.
Capital Intelligence credit rating agency is among the leading global agencies specializing in assessing the creditworthiness of countries and companies. The agency was established to provide accurate and reliable analyses on the ability to meet financial obligations and debts, whether in local or foreign currency.
