Middle East Economic Survey

VOL. XLIX

No 6

6-February-2006

JORDAN

Jordans Sovereign Outlook Downgraded To Negative From Stable, Says Moodys

Moodys on 31 January changed the outlook on Jordans sovereign ratings to negative from stable considering the ongoing deterioration in the countrys external balance of payments and fiscal account. The outlook change affects Jordans Ba2 issuer rating for long-term foreign currency government bonds, its Baa3 issuer rating for long-term domestic currency...