VOL. XLII

No. 30

26-July-1999

JORDAN

Moodys Warns Of Possible Downgrade For Jordans ForeignCurrency Country Ceilings

Moodys Investors Service has placed Jordans Ba3 countryceiling for long-term foreign currency bonds and notes and the B1 countryceiling for foreign-currency-denominated bank deposits on review for possibledowngrade. As a consequence, the Ba3-rated par, discount, and interest arrears("Brady") bonds issued by Jordan have also been placed on review fora possible downgrade.

Moodys...