This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Jordan Upgraded to Ba3 by Moody’s
May 10, 2024
Jordan and its senior unsecured debt have been upgraded by a notch to Ba3 from B1 by Moody’s. The upgrade follows the effective fiscal management policies and risk mitigation measures implemented by the government which will help provide a buffer against economic shocks. According to Moody’s, these effective policies have shielded Jordan’s credit profile from the pandemic, high energy and food prices following the Russia-Ukraine conflict and ongoing geopolitical conflict in the Middle East. However, Jordan continues to face challenges due to high debt levels, high unemployment and a volatile regional geopolitical environment.
Jordan’s bonds were slightly up with its 6.125% 2026s up at 98.3 cents on the dollar, yielding 7.18%.
Go back to Latest bond Market News
Related Posts:
IMF Releases $1.17bn in Bailout Funds to Pakistan
August 30, 2022
Bahamas Downgraded to B1 from Ba3
October 10, 2022
Kenya Wanting to Renegotiate $5bn Loan with China
October 20, 2022
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.