S&P downgrade signals ‘deficiency’ of economic team – Davies

Posted on by Your Financial FactSheet


Jamaica Gleaner: “S&P downgrade signals ‘deficiency’ of economic team – Davies”

Opposition spokesman on finance Dr Omar Davies said Thursday that the downgrade of Jamaica’s credit rating by Standard & Poor’s, highlights “clear deficiencies” in the management of the economy.


Jamaica Gleaner: “Credit crisis! – Government of Jamaica slams rating agency for downgrade – Opposition says critique right on the money”

The Government has reacted with surprise and disappointment at the decision by the international rating agency Standard and Poor’s (S&P) to further downgrade Jamaica’s credit rating from B- to CCC+.


Jamaica Observer: “What are Jamaica’s options?”

While the country prepares for the IMF, another blow has been delivered in the form of an Independence Day (birthday) gift. Namely, Standard and Poor’s (S&P) has downgraded us to CCC+, which it indicated earlier in the year it would have done if conditions did not improve.


Jamaica Observer: “S&P focuses on Jamaica’s weak fiscal accounts”

STANDARD & Poor’s (S&P), the reputable international rating agency, earlier this week downgraded Jamaica’s rating to CCC+ and said that the outlook on the country remains negative.