September 7, 2007
Bear Stearns has raised its credit outlook on Jamaica, after the technicals
Bear Stearns has raised its credit outlook on Jamaica, after the technicals improved following the amortization of a $225m bond, and recent amortizations of locally-issued US-dollar-indexed bonds. Also, the JLP Party, expected winner in the September 3 elections, is expected to introduce market-friendly policies. Barbados' still-high current account deficits and limited flexibility earned it a downgrade.