VOL. XLVI

No 35

01-September-2003

JORDAN

RATINGS

Moodys Upgrades Jordan Rating To Ba2

Ratings agency Moodys Investors Service on 21 August announced that it has upgraded the country ceiling for foreign currency bonds of issuers domiciled in Jordan to Ba2 from Ba3. Meanwhile, the ceiling for foreign currency bank deposits has risen to Ba3 from B1. Consequently, the government of Jordans foreign currency bonds are raised to Ba2, while the governments domestic debt has been upgraded to Baa3 from Ba3,...