Moody's Sees Serious Jamaica Tests

Moody's Sees Serious Jamaica Tests

Caribbean

Moody's has put Jamaica's B1 rating on review for downgrade amid rising pressure on the external and fiscal positions, which are expected to intensify and could further deteriorate credit risk relative to peers. "Given the severity of the ongoing global adjustment, Moody's believes that Jamaica will be seriously tested by the severe global-crisis headwinds," says Moody's senior analyst Alessandra Alecci. "The public debt burden and the resources needed to service debt leave Jamaica's small, open

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