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Tag Archives: Jamiaca

S&P’s move on Jamaica suggests there’s pain ahead

06-Aug-09

Good to see you again. Glad you enjoy the Limes.This is bad. S&P had previously assigned a rating of B- to Jamaica. In financial parlance, a B- rating sovereign rating suggests that the country is perceived as “high risk” by would-be lenders; in a word, “junk”. By downgrading Jamaica to triple-C, S&P is saying the [...]

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