Another downgrade hits Jamaica - Jamaica Talk

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Another downgrade hits Jamaica

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11-19-2009, 02:48 AM

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Another downgrade hits Jamaica

Claiming Jamaica appears close to defaulting on its debts, ratings agency Moody's Investors has downgraded the country's local and foreign currency bonds from B2 to Caa1 with a negative outlook. Yesterday, Moody's said delays in reaching an agreement...

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