S&P Lowers Jamaica Outlook

S&P Lowers Jamaica Outlook


S&P has cut Jamaica’s outlook from stable to negative, it says, as liquidity concerns complicate its debt obligations. “The country's reliance on external funding for its sizeable fiscal and external deficits is becoming more problematic because of deteriorating global economic and financial conditions,” the agency says. The B rated sovereign successfully raised half of the external amortizations due this fiscal year, the agency notes, and enough to cover a bullet payment in February 2009 on its

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