AMMAN — Moody’s Ratings has affirmed Jordan’s long-term issuer rating at Ba3 with a stable outlook, citing the Kingdom’s resilience in maintaining credit strength amid ongoing regional security challenges.

 

In a recent report, the agency said that the rating reflects Jordan’s effective economic and financial institutions, as well as the government’s continued commitment to reforms aimed at preserving macroeconomic stability, ensuring debt sustainability, and improving the efficiency of social spending.

 

The report also highlighted strong financial and technical support from international partners, including the United States, the International Monetary Fund, and the European Union, according to the Jordan News Agency.

 

Moody’s projected Jordan’s economic growth to reach about 2.7 per cent in 2026, rising to 3 per cent over the medium term. Growth could exceed expectations if government efforts to boost foreign investment accelerate, the report noted.

 

Despite forecasting the current account deficit at around 6 per cent of GDP due to regional disruptions, the agency expects a gradual decline in the public debt-to-GDP ratio from 83 per cent in 2025 to 76 per cent by 2030.

 

On monetary policy, Moody’s said the long-standing peg of the Jordanian dinar to the US dollar continues to support economic stability and limit exchange rate risks, underpinned by the Kingdom’s strong foreign currency reserves.

 

The rating affirmation follows a recent staff-level agreement between Jordan and the International Monetary Fund on the fifth review of the Extended Fund Facility and the second review of the Resilience and Sustainability Facility.

 

Moody’s concluded that these developments indicate Jordan’s economy is progressing steadily, supported by consistent structural reforms despite persistent regional instability.