Jordan Ratings Raised As Effects Of Paris Club Rescheduling Improve Debt Outlook
Ratings agency Standard & Poor's (S&P) on 3 July raised its long-term foreign currency ratings on Jordan to BB from BB-, and its long-term local currency ratings to BBB from BBB-. At the same time, S&P affirmed its B foreign currency and A-3 local currency short-term ratings on Jordan. The outlook is stable. According to S&P analyst Serge Ghanem: The upgrade...