Search Result for: jamaica downgrade

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Standard & Poor’s, Fitch Downgrade Jamaica Credit Rating

Above: Kingston (CJ Photo) By the Caribbean Journal staff Standard & Poor’s and Fitch have each downgraded Jamaica’s sovereign credit rating following the country’s announcement of a debt exchange offer on Monday night. The moves came after Jamaica announced a […]

The US Downgrade’s Impact on Jamaica

The downgrade of the United States’ credit rating by Standard and Poor’s earlier this month could have an impact on the Jamaican economy as part of increased global uncertainty, according to Bank of Jamaica Governor Brian Wynter. The BOJ has […]

Jamaica Just Removed All Testing Rules for Travelers

Jamaica has officially eliminated all pre-arrival testing rules for travelers. International visitors to Jamaica are no longer required to present a negative antigen or PCR test before their trip to the island. Additionally, Jamaica has ended its mandate to wear […]

Jamaica Moved to Lowest CDC Advisory Level

Jamaica has been moved to the CDC’s lowest CDC travel advisory level. The US-based Centers for Disease Control and Prevention has downgraded the country to a Level 1 designation; countries with that classification have low cases of Covid-19. “A Level […]

Jamaica, IMF Reach $750 Million Staff-Level Agreement

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica has reached its long-awaited agreement with the International Monetary Fund, the organization announced in a statement Friday. The staff-level agreement is on the key elements of an economic programme that […]

Op-Ed: Jamaica and Wall Street

By David Rowe Op-Ed Contributor THE FACT THAT Barbados’ government bonds have been downgraded to junk status was not a good development for the reputation of the Commonwealth Caribbean in international financial markets. Both Moody’s and Standard and Poors now […]

Barbados’ Bonds Downgraded to “Junk” Status by Moody’s

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados’ credit has been downgraded to “junk” status by Moody’s Investors Service. The downgrade lowered the country’s foreign and local currency bond ratings to Ba1 from Baa3. A junk bond, or one […]

S&P: Lack of IMF Agreement “Detracting” from Jamaica’s Creditworthiness

Above: Kingston By the Caribbean Journal staff Standard & Poor’s 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 Caribbean Response to Brexit

Caribbean Leaders Weigh-in on Brexit By Marcia Forbes, Ph.D. CJ Contributor Brexit is not Cricket Business people often have a different point of view from academics; however, at the UWI forum regarding Brexit and its implications for the Caribbean, everyone […]

Op-Ed: Rethinking PetroCaribe

By Jevon Minto Op-Ed Contributor The International Monetary Fund’s Director for the Western Hemisphere Department, Alejandro Werner, warned this week, during a forum held in Montego Bay on Unlocking Economic Growth in the Caribbean, that the likelihood of fallout in […]

The Most Popular Stories of 2012

It was another active year in the Caribbean, from the arrests of one former Premier and another sitting Premier; a wave of new hotel activity; a series of downgrades of government debt and several high-profile elections. But what were Caribbean […]

S&P Lowers Credit Rating on Caribbean Development Bank; Outlook Negative

Above: Barbados, home to the CDB, is current on its obligations to the bank (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the long-term foreign currency credit rating on the Caribbean Development Bank to “AA” from […]

Montego Bay Is Getting a New Riu All-Inclusive Next Month