AMMAN —
Moody's credit rating agency has assigned a B1 rating to the Eurobonds recently issued by the
Jordanian government, which are valued at $1.25 billion, Al-Saa News reported.
اضافة اعلان
The agency indicated in a report that this
rating reflects Jordan's long-term rating of B1 with a positive outlook.
According to the agency, Jordan's
classification depends on strong and credible macroeconomic policy-making
institutions, along with robust international support and access to significant
domestic savings that contain liquidity. This is despite the challenges posed
by government debt levels that are still high, structural stiffness that
contributes to low economic growth and
high unemployment rates, and the
volatile geopolitical environment in the region.
The positive outlook reflects the
government's strong commitment to wide-ranging structural reforms and a track
record of effective implementation on the fiscal front, showing an ability to
increase Jordan's credit flexibility, according to the agency.
In addition to the continuous growth of
government revenues, which provide greater financial flexibility in the face of
global inflation, Jordan’s latest set of economic and administrative reforms —
the
Economic Modernization Vision and the Public Sector Modernization Roadmap —
may also increase the growth of the economy and its ability to absorb shocks
overtime, the report said.
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