S&P upgrades Jamaica

S&P upgrades Jamaica

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Regulation Politics Jamaica Caribbean

S&P Global has upgraded Jamaica's credit rating to B+ from B with a stable outlook, saying the country has made progress toward macroeconomic stability and bolstered its resistance to external shocks. Jamaica still has a high debt burden, and GDP growth remains low, despite a recent pickup, but the government is committed to lowering inflation, reducing debt levels and increasing international reserves, S&P said in a report. "Continued GDP growth, which we expect will modestly accelerate

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