Global rating agency Fitch has maintained Jamaica’s credit rating at B Plus and says the country’s outlook is stable.

Fitch says the B Plus rating has been affirmed due to Jamaica’s favorable business climate, consistent fiscal policy efforts to lower the debt burden, and continued deficit reduction bolstered by a 15.4 percent growth in revenues between April and December 2021. 

Fitch also noted that measured refinancing of debt will continue to lower debt service costs.

The rating agency also highlighted the country’s healthy reserves and the strong growth in remittances.

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Edited by Jesus Chan

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