Current Jordan credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Jordan ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Jordan, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
The table below shows the current Jordan credit ratings, according to the main rating agencies.
| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | B+ | - | 20 Oct 2017 | rating downgrade |
| Moody's Investors Service | Ba3 | - | 10 May 2024 | rating upgrade |
| Fitch Ratings | BB- | - | 9 Dec 2021 | outlook upgrade |
| DBRS | - | - |
Jordan: Long-term Rating Scales Comparison
Jordan long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Jordan sovereign debt. These scales help investors understand the likelihood that Jordan will meet its financial obligations.
Symbol means a negative outlook.
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
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Jordan Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 10 May 2024 | Ba3 | |||
| 17 Nov 2022 | B1 | |||
| 9 Dec 2021 | BB- | |||
| 8 May 2020 | BB- | |||
| 14 Jun 2019 | BB- | |||
| 20 Oct 2017 | B+ | |||
| 22 Apr 2016 | BB- | |||
| 31 Oct 2014 | BB- | |||
| 26 Jun 2013 | B1 | |||
| 20 May 2013 | BB- | |||
| 8 Feb 2011 | BB | Ba2 | ||
| 8 Jan 2007 | Ba2 | |||
| 31 Jan 2006 | Ba2 | |||
| 21 Aug 2003 | Ba2 | |||
| 3 Jul 2003 | BB | |||
| 30 Apr 2002 | BB- | |||
| 9 Apr 2001 | BB- | |||
| 27 Oct 1999 | BB- | |||
| 16 Jul 1999 | Ba3 | |||
| 1 Feb 1999 | BB- | |||
| 26 Sep 1996 | BB- | |||
| 27 Oct 1995 | B+ | Ba3 |
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