Moody's Investors Service today changed the outlook on Jordan's Ba2 foreign currency government bond rating to negative from stable. This announcement was triggered by Moody's concern that fiscal and economic downside risks related to ongoing turmoil in the region have risen following events in Tunisia and Egypt.
The rating agency has also downgraded the government's local currency bond rating to Ba2 with a negative outlook from Baa3.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www1.albawaba.com/main-headlines/moodys-changes-jordans-sovereign-outlook-negative
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