S&P maintains Jamaica’s B- rating

Jamaica Observer: “S&P maintains Jamaica’s B- rating”
In its latest report dated June 11th, 2009, international rating agency Standard & Poor’s maintained its rating of Jamaica’s long-term foreign and local currency debt at ‘B-‘ and our short-term debt rating of ‘C’. However, it also maintained a negative outlook on Jamaica’s sovereign debt to reflect “the likelihood of a downgrade if policy actions fail to contain the ongoing fiscal and external deterioration”.