Moody's Ratings upgrades Jordan's Sovereign rating to Ba3 with a stable outlook

Moody’s Ratings upgrades Jordan's Sovereign rating toBa3 with a stable outlook

On 9th May 2024, Moody’s ratings upgraded the Hashemite Kingdom of Jordan's Sovereign rating to Ba3 with a stable outlook (from B1positive outlook), reflecting its lengthening track record of effective macroeconomic and fiscal management and risk mitigation measures that continue to provide a credible buffer against shocks. Jordan’s credit ratings are at the highest level in a decade, despite a challenging regional backdrop during the period. 

Cygnum Capital and DAI serve as credit rating advisor to the Kingdom of Jordan.

 Read the full report here Ratings.Moodys.com/ratings-news/420606

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