Middle East Economic Survey

VOL. LIV

No 7

14-Feb-2011

Jordan

Ratings Agencies Downgrade Jordan On Unrest

The ratings agencies have made changes to Jordans ratings, citing the unrest in both the country itself and the wider region. Standard & Poors Ratings Services lowered its long term and short term local currency ratings on Jordan to BB+/B from BBB-/A-3 and revised the outlook on the long term foreign currency (BB/B) and local currency ratings to negative from stable. The action comes...