Crooks Takes Issue with Fitch Analyst’s ‘Defaulter’ Label

127

President of Money Masters Limited, Claudette Crooks, is taking issue with Fitch Ratings Analyst, Charles Seville’s characterization of Jamaica as a recent defaulter.

Ms. Crooks notes that Jamaica has never defaulted on it’s foreign debt and only partially restructured its local holdings.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2019/02/Claudette-Crooks-we-didnt-default-04FEB2019.mp3″]

However, Ms. Crooks admits that while the improved Fitch rating is a step in the right direction, Jamaica still has significant ground to cover before the country reaches what’s known as an investment grade rating.

Investment grade starts at BBB- which is four tiers above Jamaica’s current status of B+.

She says if Jamaica can remove the impediments to sizeable economic growth the country can attain investment grade status.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2019/02/Claudette-Crooks-on-investment-grade-04FEB2019.mp3″]

–30–




Leave a Reply

Your email address will not be published. Required fields are marked *