Middle East Economic Survey
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...