Fitch affirmed Jordan’s rating at ‘BB-‘ with a Stable Outlook, citing macro stability, reform progress, and resilient financing from a liquid banking sector, pension fund, and international support. Constraints include high government debt, moderate growth, political risks, and large external imbalances. Geopolitical risk remains elevated amid the Israel-Iran tensions and Gaza war. In Fitch’s base case, strong multilateral and US support will continue, given Jordan’s stabilizing role. The agency highlights Jordan’s ability to preserve stability despite repeated shocks and rising debt.