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Sat, 31 July 2010

Why S&P punished Jamaica Print E-mail
why_sp_punished_jamaica_tn.jpg A voluntary initiative by private sector financial interests to exchange higher yielding government debt instruments, for lower-yielding, but longer tenure instruments, to help the ailing Jamaican economy, may have backfired with the rating agency S&P interpreting this as a "distressed debt" call.
 
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