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Tag Archives: ratings

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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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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Some good-ish macroeconomic news for T&T

14-Sep-09

My day job has kept me so busy I haven’t yet had time to read beyond the headlines of the latest budget, but it seems that whatever Karen Nunez-Tesheira put together pleased Standard & Poor’s. Although the devil, as ever, is in the details. The rating agency issued the following statement on Monday (any emphasis [...]

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