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S&P affirms Jordan’s BB- rating with stable Outlook
Standard & Poor’s (S&P) has affirmed Jordan’s long-term local- and foreign-currency sovereign credit rating at BB- with a stable outlook, citing the resilience of the Kingdom’s economy despite challenging regional conditions. In a report released on Friday, the agency said that the rating affirmation reflects Jordan’s economic resilience, progress in economic, fiscal and monetary reforms, high foreign exchange reserves, and continued strong bilateral and international support, according to the Jordan News Agency, Petra. [...]