Business
Jamaica credit rating forecasted to improve in 2015
Jamaica’s credit rating is forecasted to improve in 2015 as the country cements its credibility in the international investment community.
According to the Managing Director of investment firm, Oppenheimer and Company Inc., Gregory Fisher, Jamaica will more than likely receive rating upgrades from both Moody’s and Standard and Poor’s (S&P).
He was addressing the Jamaica Stock Exchange’s (JSE) 10th regional conference on Investments and the Capital Markets held recently in Kingston.
Fisher noted that the country went through an “incredibly difficult period”, including a massive global economic and financial crisis, without defaulting on its external debt.
Due to the Simpson-Miller administrations’ strict adherence to the Economic Reform Program, Jamaica is on track to completing its credibility rebuilding in the entire global community.
Read more: Jamaica Information Service