Amman – Experts are celebrating Standard & Poor’s recent upgrade of Jordan’s credit rating as a major milestone that will have a positive impact on the national economy. This upgrade, the first in 21 years, signifies a shift towards a more stable economic strategy and a commitment to fiscal reform.
S&P’s decision to raise Jordan’s long-term sovereign credit rating from B+ to BB- with a stable outlook has been attributed to the country’s efforts in maintaining fiscal discipline and reducing the primary deficit relative to GDP. This upgrade is expected to enhance investor confidence and lower borrowing costs, ultimately benefiting vital sectors such as infrastructure, education, and healthcare.
Financial experts like Dr. Adli Qandah and Dr. Omar Gharaibeh emphasize the importance of leveraging this upgrade to attract foreign investments, support the private sector, and ensure sustainable economic growth. The improved credit rating will also make it easier for Jordan to access global financing at more favorable terms, further strengthening the economy and creating opportunities for long-term development projects.
Overall, this credit rating upgrade is seen as a step in the right direction for Jordan, signaling financial stability and potential for growth.
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