Moody’s in its most recent release has indicated that Jamaica risk further downgrade from stable to negative if whoever wins the next elections abandons the current economic polices or external shocks hit the country
Moody’s has also indicated the the country’s rating could move from stable to positive if the following should occur.
- Tax reforms process is completed as being projected.
- Current economic policies are continued by whoever wins the next election.
- Economic growth in the coming year is strong.
Can one therefore say that Moody’s in expressing support and a vote of confidence in the economic policies being pursued by the current administartion or is this move designed to influence in someway, the thinking of Jamaicans going into the upcoming elections.
Some persons will dismiss the latter, since Jamaicans in general does not vote on issues but instead vote straight across party lines.
See latest Moody’ comments.
http://www.moodys.com/research/Moodys-Disclosures-on-Credit-Ratings-of-Jamaica-Government-of–PR_234250
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