Fitch Upgrades Jamaica’s Rating to ‘BB-’ with the Outlook remaining “Positive”
Fitch Ratings Agency, today, March 5, 2024, upgraded Jamaica’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’, with the outlook remaining “Positive”. The rating upgrade results from the Government’s continued commitment to a stable economic policy framework underpinned by the Bank of Jamaica’s inflation-targeting monetary policy as well as sound fiscal management anchored on debt reduction targets. The Ratings Agency,...