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Tag Archives: jamaica

Another blow for Jamaica from S&P

04-Nov-09

Hot on the heels of the decision by Standard & Poor’s to slash Jamaica’s sovereign rating comes this announcement from the rating agency: S&P: National Commercial Bank Jamaica Counterparty Credit Rating Lowered To ‘CCC’; Survivability Assessment Lowered To ‘B’ * On Nov. 2, 2009, we lowered the long-term sovereign rating on Jamaica to ‘CCC’ from [...]

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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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“Jamaica may already have passed the point of no return”

17-Sep-09

Just one month after rating agency Standard & Poor’s released a downbeat assessment of the outlook for Jamaica comes an equally – if not more – negative take from Barclays Capital Research. The research note issued today by a New York-based BarCap analyst is unequivocal: we believe that Jamaica is approaching the point of no [...]

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