6 months ago
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Finance Minister, Favyal Williams, says the latest ratings by international credit agency, Fitch, reflect the resilience of Jamaica’s economy despite weather related shocks.
Fitch has affirmed Jamaica’s credit rating at BB- with a positive rating outlook.
Fitch says the ratings reflect stronger governance than the peer median, significant progress with debt reduction, a sound fiscal framework and a strong political commitment to deliver large primary surpluses.
It says the positive outlook reflects an expectation of continued improvement in debt metrics and further strengthening of the policy framework over the next few years.
The ratings come amid concerns that the country is in a recession.
Minister Williams says Fitch recognises the government’s commitment to attaining fiscal stability.
Fayval Williams, Minister of Finance.
Meanwhile, chartered accountant, Dennis Chung, believes the ratings from Fitch signal that Jamaica remains a good place to do business.
Dennis Chung, chartered accountant.
And development economist, Dr. Christian Stokes, says the outlook by Fitch is a signal that the country is in a strong and stable position to meet its debt obligations despite murmurs about the country being in recession.
Dr Christian Stokes, development economist.
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