Fitch upgrades Jamaica’s debt.

Posted on March 1, 2013 by jay

KINGSTON, Jamaica— Jamaica was upgraded to ‘CCC’ from ‘RD’ by ratings agency Fitch today.

With a participation rate above 98 per cent, Fitch considers the National Debt Exchange (NDX) “materially completed and the default event cured in line with Fitch’s Distressed Debt Exchange Criteria,” the agency said in a release today.

Read more: http://www.jamaicaobserver.com/business/Fitch-upgrades-Jamaica-to-CCC#ixzz2MK8oS6R8

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