Standards and Poor assessment of Jamaica, downgrade possible

[Skeng DX]

S&P is looking at a possible downgrade of Jamaica, unless certain conditions changes and rather quickly.

If the government fails to stabilize both the external and fiscal accounts, we would likely lower the rating. Conversely, if the government is able to improve its fiscal stance through a credible medium-term economic plan that will bring its IMF agreement on track while reducing external pressures, the sovereign’s creditworthiness could improve.

http://www.standardandpoors.com/prot...=1245329235001