Middle East Economic Survey
Moodys And S&P Rate Jordan Armed Forces Bond
Moodys on 24 November assigned a rating of Ba2 to the $145mn bond soon to be issued by the Development and Investment Projects Fund of the Jordan Armed Forces. The rating is equivalent to that assigned to Jordans long-term foreign currency bond, since the bond is expected to have the full backing and guarantee of the Jordanian government. Standard & Poors (S&P) on 25...