Fathi Al-Jaghbeer, Chairman of the Jordan and Amman Chambers of Industry, affirmed that the stabilization of Jordan’s credit rating by Standard & Poor’s is a positive indicator reflecting the country’s economic stability and the high confidence of international and financial institutions in Jordan’s ability to meet its financial obligations.
اضافة اعلان
Al-Jaghbeer told the Jordan News Agency (Petra) that this rating stabilization comes as a result of the continuous efforts of the government to implement a package of economic and financial reforms aimed at promoting economic growth, sustainability, and fiscal soundness.
Standard & Poor’s announced the maintenance of Jordan’s long-term sovereign credit rating in both local and foreign currency at BB-, with a stable outlook.
The agency noted in its report that the rating stabilization reflects macroeconomic stability, progress in economic and financial reforms, strong international support for Jordan, and the country’s resilience in handling recent regional security disturbances.
Al-Jaghbeer added that the stabilized rating acts as an incentive and enhancer for the investment environment, particularly in encouraging both local and foreign investments, at a time when the region is experiencing political unrest, making Jordan a pillar of stability and a magnet for investments, further supporting economic growth and development.
He continued, saying that the Jordanian industrial sector forms a key pillar in translating this international confidence into reality, being the main driver of economic growth, employment, and export expansion.
“With Standard & Poor’s positive projections for Jordan’s economy to grow by 2.6 percent this year, rising to 3 percent and 3.1 percent in 2026 and 2027 respectively, the Jordanian industry will spearhead this growth, benefiting from the credit rating stability and international confidence in the national economy,” he said.
Al-Jaghbeer added: “As an industrial sector, we aim for industry to help drive growth rates beyond these projections by enhancing its capacity to attract investments, expand production capabilities, and increase exports, thereby strengthening the position of Jordanian products in regional and international markets.” – (Petra)
