VOL. XLII

No. 06

8-February-1999

JORDAN

...And Revises Outlook On Jordan To Negative

On 1 February Standard & Poors (S&P) affirmed itsBBB- long-term and A-3 short-term local currency issuer credit ratings onJordan as well as its BB- long-term issuer credit and senior unsecured foreigncurrency ratings, but revised its outlook for the country from stable tonegative. "The outlook revision reflects a slowdown in the economysgrowth rate, and marked widening of the general government budget...