Middle East Economic Survey

VOL. LII

No 28

13-Jul-2009

Jordan

S&P Says Economic Environment Could Hurt Jordanian Bank Asset Quality

The current difficult economic environment is likely to hurt the asset quality of Jordanian banks, although the medium-term outlook remains good, Standard & Poors Ratings Services (S&P) said in a report of 8 July. Economic difficulties and the countrys dependence on some cyclical sectors such as export-oriented industries, real estate, and tourism are in...