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Tag Archives: Debt

S&P: Jamaica Rating Revised To ‘SD’ Due To Domestic Debt Exchange Program

14-Jan-10

A not unexpected move from Standard & Poor’s, which has been deeply negative on Jamaica for some time now. Rival rating agency Fitch issued a similar downgrade, cutting the island’s local currency rating to ‘C’ from ‘CCC” on Thursday. It’s not all bad news though – the debt exchange that triggered the rating actions will [...]

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Jamaica’s Central Bank governer resigns; S&P downgrades island’s rating to CCC

02-Nov-09

Can’t say you weren’t warned, but this is still a serious blow to Jamaica. From rating agency Standard & Poor’s on Monday, highlighting mine: Jamaica Long-Term Ratings Lowered One Notch To ‘CCC’, Outlook Negative – Jamaica’s Central bank governor, who was the lead negotiator on a possible standby facility from the IMF, has resigned. – [...]

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