Sovereign Credit Ratings

Country	Moody's	S&P	Fitch	DBRS	Scope Ratings
Jordan	Ba3 Stable	B+ Stable	BB- Stable	NR	NR

Latest Credit Changes

Country	Date of Change	Rating Agency	Previous Rating	Previous Outlook	Current Rating	Current Outlook
Jordan	May 09, 2024	Moody's	B1	Positive	Ba3	Stable
Jordan	Nov 17, 2022	Moody's	B1	Stable	B1	Positive
Jordan	Dec 07, 2021	Fitch	BB-	Negative	BB-	Stable
Jordan	May 08, 2020	Fitch	BB-	Stable	BB-	Negative
Jordan	Jun 13, 2019	Fitch	NR		BB-	Stable
Jordan	Oct 20, 2017	S&P	BB-	Negative	B+	Stable
Jordan	Apr 22, 2016	S&P	BB-	Stable	BB-	Negative
Jordan	Oct 31, 2014	S&P	BB-	Negative	BB-	Stable
Jordan	Jun 26, 2013	Moody's	Ba2	Negative	B1	Stable
Jordan	May 20, 2013	S&P	BB	Negative	BB-	Negative
Jordan	Feb 08, 2011	S&P	BB	Stable	BB	Negative
Jordan	Feb 08, 2011	Moody's	Ba2	Stable	Ba2	Negative
Jordan	Jan 08, 2007	Moody's	Ba2	Negative	Ba2	Stable
Jordan	Jan 31, 2006	Moody's	Ba2	Stable	Ba2	Negative
Jordan	Aug 21, 2003	Moody's	Ba3	Negative Watch	Ba2	Stable
Jordan	Jul 03, 2003	S&P	BB-	Stable	BB	Stable
Jordan	Apr 30, 2002	S&P	BB-	Positive	BB-	Stable
Jordan	Apr 09, 2001	S&P	BB-	Stable	BB-	Positive
Jordan	Oct 27, 1999	S&P	BB-	Negative	BB-	Stable
Jordan	Jul 16, 1999	Moody's	Ba3	Stable	Ba3	Negative Watch

Table Key

Grade	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-investment Grade Speculative	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative Grade	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risk Grade	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative Grade	Ca	CC	CC	CCC	CC
Extremely Speculative Grade			C	CCC	C
In Default with Little Prospect for Recovery		CD	RD	RD
In Default		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Not Rated	NR	NR	NR	NR	NR

FAQ

What is a sovereign credit rating?

A sovereign credit rating is an independent assessment of a country's creditworthiness, issued by agencies like S&P, Moody's, Fitch, DBRS, and Scope. These long-term foreign-currency ratings shape borrowing costs and investor confidence, and changes often move currencies, bond yields, and equity markets.

Which agencies provide sovereign credit ratings?

The five largest agencies are S&P Global Ratings, Moody's Investors Service, Fitch Ratings, DBRS Morningstar, and Scope Ratings. They monitor financial, political, and economic conditions to publish updates.

What do outlooks mean in credit ratings?

A Positive outlook suggests a possible upgrade, Stable means no change is expected, and Negative signals a potential downgrade. Outlooks indicate the likely direction of a rating in the short to medium term and often shape market expectations.

How often are sovereign ratings updated?

There is no fixed timetable. Some agencies review ratings on set calendars, while others update after major financial, political, or economic events that could affect credit risk.

Where can I find historical sovereign ratings?

You can explore past ratings and outlook revisions on each country's dedicated page within the FXEmpire Credit Ratings Hub.

What is the difference between investment grade and speculative grade?

Investment grade (BBB-/Baa3 or higher) signals lower risk and wider investor access. Speculative grade (BB+/Ba1 or lower), also called high-yield or junk, carries higher risk and volatility but often comes with higher yields.