S&P raises Jamaica's rating to B-minus on more stable economy
NEW YORK, Sept 24
NEW YORK, Sept 24 (Reuters) - Rating agency Standard & Poor's on Tuesday raised Jamaica's foreign currency sovereign credit rating to B-minus from CCC-plus, citing a more even-keeled economy.
The outlook is currently stable.
"The Jamaican economy has stabilized after the government entered into an International Monetary Fund (IMF) program that, along with additional external funding from other multilateral lenders, supports the country's external liquidity and bolsters investor confidence," S&P said in a statement.
Moody's Investors Service rates the country Caa3 with a stable outlook. Fitch rates the country CCC.
- Google bus blocked in San Francisco gentrification protest
- Thai PM urges protesters to take part in election |
- Obama, Castro shake hands as world says farewell to peacemaker Mandela |
- North Korea's 'reign of terror' worries South's leader
- Rare Singapore riot forces soul searching over foreign workers