Moody’s Updates Jamaica’s Credit Rating from B3 to B2


Moody’s Rating Agency upgraded Jamaica’s credit rating to B2 from B3, with an outlook of stable.

The upgrade was announced yesterday.

Moody’s says the improved rating reflects the government of Jamaica’s steady track record of improved fiscal management achieved through its resolute commitment to fiscal consolidation.

It says key structural reforms to strengthen the country’s economic framework, particularly the move to inflation targeting, also contributed to the upgrade.

Moody’s also recognizes Jamaica’s steps to strengthen fiscal resilience against natural disasters.

In response, Finance Minister, Dr Nigel Clarke says he’s pleased with the upgrade.

And, he says it underscores the importance of the government’s commitment to sustained economic reform.

Stevian Simmonds is an investigative journalist with almost 3 years of experience in radio broadcasting, production and reporting. She graduated from Caribbean School of Media and Communication in 2014 and joined Nationwide News in 2016. In 2018, she produced a special report examining the working conditions of the Bussiness Process Outsourcing Industry. She worked undercover as a call center agent for a month, revealing the lack of data protection and general security infrastructure in the industry. Her report also highlighted the poor working conditions and remuneration faced by workers in the industry. In 2018, Stevian traveled to New Delhi India where she participated in the Inaugural WHO Partners Forum benefiting from critical training related to reporting on women’s and children’s health issues.

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