Amman, May 7 (Petra) – Fitch Ratings has affirmed Jordan’s long-term foreign-currency issuer default rating at BB- with a stable outlook.

In a statement, the agency said the rating is supported by Jordan’s track record of macroeconomic stability, continued progress in fiscal and administrative reforms, and access to flexible domestic and international financing. These factors are underpinned by a strong banking sector and sustained international support.

Fitch noted the Jordanian economy’s resilience against regional shocks and financial pressures, highlighting the country’s ability to maintain economic and political stability amid rising geopolitical risks, particularly due to the ongoing war in Gaza. This stability, the agency said, is bolstered by Jordan’s strong relations with key international partners, especially the United States.

The agency added that the Jordanian government is pressing ahead with a comprehensive reform agenda encompassing economic, public sector, and policy measures, despite prevailing social and institutional challenges.

//Petra// AF
07/05/2025 21:40:31