Jamaica 3rd in World Debt Reduction

Jamaica’s debt dipped at a pace that was ranked among the fastest in the world over a decade, according to rating agency Fitch. “It represents the third-largest decline in debt burden among all rated sovereigns over this period; only Ireland and…

Fitch Ratings - New York - 05 Mar 2024: Fitch Ratings has upgraded Jamaica's Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDRs) to 'BB-' from 'B+'. The Outlook remains Positive.

In addition, Fitch has upgraded Jamaica's Country Ceiling to 'BB' from 'BB-'.

In reply to Slipfeeler

Wow, on that score they've done well!

Jamaica paying back its debts despite the financial obstacles, with new US style Highways been built all over the country.

In reply to Slipfeeler

Great going!