JPMorgan surprised at timing of S&P downgrade

Jamaica Observer: “JPMorgan surprised at timing of S&P downgrade

In the Daily Observer of March 20, two days after international rating agency Standard & Poor’s (S&P) lowered Jamaica’s long-term foreign and local currency sovereign credit ratings by one notch to ‘B-‘ from ‘B’, and lowered our short-term ratings a notch to ‘C’ from ‘B’, I wrote an article entitled, “Standard and Poor’s downgrade final warning of Jamaica’s need to make tough decisions”.

Jamaica Observer: “First world debt-to-GDP to mirror Jamaica’s by 2014”

The advanced nations within the Group of 20 (G-20) are predicted to have a combined debt to gross domestic product (GDP) of 120 per cent by 2014, which would resemble Jamaica’s ratio based on an International Monetary Fund (IMF) staff report analysed by Sunday Finance.