VOL. XLV

No 18

6-May-2002

JORDAN

S&P Revises Foreign CurrencyOutlook On Jordan Down To Stable From Positive

International ratings agency Standard & Poorssaid on 30 April that it was revising its foreign currency outlook on Jordan down to stable from positive. The move reflects adeteriorating geopolitical environment which could hinder the implementation ofJordans structural reform program. S&Psforeign currency rating on Jordan is currently double B minus/B and its local currencyrating...