S&P raises Jamaica credit rating after completion of debt exchange

Standard & Poor’s (S&P) has raised Jamaica’s foreign and local currency sovereign credit ratings to “CCC+” and out of default. The move comes after the completion of Jamaica’s debt restructuring.

The new rating will reflect S&P’s “assessment of the Jamaica government’s continued vulnerability to adverse external shocks, its low level of international reserves, and the risks to a successful implementation of its reform program in conjunction with assistance from the

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