The Jordanian Businessmen Association (JBA) praised the recent report by Moody’s Investors Service, which affirmed the Kingdom’s credit rating at Ba3 while maintaining a stable outlook.
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In a statement released on Sunday, the JBA considered the agency’s report a reflection of the national economy’s resilience and its ability to withstand regional and global challenges. It further noted that the report confirms international institutions' confidence in Jordan’s economic reform trajectory.
The association emphasized that this affirmation comes amid sensitive regional and economic conditions, highlighting the importance of the positive indicators Jordan has achieved—particularly regarding fiscal and monetary stability, the ongoing implementation of economic and financial reform programs, and the improvement in public debt management indicators, alongside government efforts to enhance the investment climate and develop economic legislation.
Ayman Al-Alawneh, Chairman of the JBA, stated that the report serves as a reassuring message to financial markets and investors. It reflects the international community's appreciation of the economic reforms pursued by Jordan, noting that this assessment boosts the confidence of both local and international private sectors in the national economy.
Al-Alawneh added that maintaining the credit rating at this level positively impacts the Kingdom’s ability to access external financing on better terms and reduces borrowing costs. Furthermore, it supports the stability of the Dinar’s exchange rate and enhances Jordan’s attractiveness as an investment destination in the region, especially in light of the challenges facing emerging economies.
He stressed the importance of building on this achievement by accelerating the pace of structural reforms, strengthening public-private partnerships (PPP), expanding the production and export base, and stimulating investment in promising sectors such as energy, technology, and manufacturing to raise economic growth rates and create sustainable job opportunities.
In conclusion, he asserted that maintaining and improving this rating in the future requires a continued reformist approach and the consolidation of financial and economic stability to solidify Jordan's position in regional and international markets.
