Standard & Poor’s (S&P) this week raised the short-term sovereign credit rating on Jamaica to “B” from “C.”
The ratings firm also affirmed its “B-” long-term foreign and local currency ratings, along with holding the country’s outlook at “negative.”
S&P said the increase in short-term rating was a result of the revision in criteria on the linkage between long-term and short-term ratings for sovereigns, according to Standard & Poor’s credit analyst Joydeep
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