S&P upgrades Jamaica's credit rating

Thursday, March 07, 2013

Print this page Email A Friend!

KINGSTON, Jamaica — Credit rating agency Standard and Poor’s (S & P) yesterday upgraded Jamaica’s rating.
The country’s sovereign credit rating was raised from selective default to CCC+.

The ratings agency also listed the country’s outlook as “stable”.

The upgrade comes as the nation’s National Debt Exchange saw 97 per cent of eligible claims participating on the restructuring, S & P said.

Despite the improved rating, Jamaica is still vulnerable to external shocks, the agency cautioned.

Jamaica’s government debt rating was downgraded by to Caa3 by Moody’s yesterday while Fitch upgraded the country to CCC less than a week ago.




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon