S&P affirms Jordan

Standard & Poor's said it affirmed the long- and short-term foreign- and local-currency sovereign credit ratings on the Hashemite Kingdom of Jordan at BB and B, respectively.

The outlook is negative.

The recovery rating is 4. The transfer & convertibility assessment is BBB-.

The ratings are constrained by the vulnerability of its economy to regional economic and political shocks, S&P said, and by its limited fiscal flexibility.

The ratings are supported by the country's geopolitical importance, which underpins strong donor support and funds much of the country's persistently large current account deficit, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.