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.

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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.

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