Andrew Holness
Andrew Holness|Sep 26, 2025 04:22
Earlier today, S&P Global Ratings announced an upgrade of Jamaica’s long-term credit rating from BB- to BB, with a Positive Outlook. This upgrade reflects Jamaica’s sustained debt reduction, a decade of effective and predictable fiscal policy, and continued strengthening of our institutional framework. With this upgrade, Jamaica now stands just two notches below investment grade. The Positive Outlook signals that further upgrades are possible as we continue to lower the debt burden and accelerate economic growth. A stronger credit rating means Jamaica can borrow at lower costs, attract more investment, and redirect savings in debt service toward better roads, reliable water, affordable housing, quality schools and hospitals, and greater opportunities for our people. This is not the final milestone but one more step forward in Jamaica’s journey of reform and growth. With continued discipline, unity, and focus, we will achieve investment grade status and secure lasting prosperity for our nation.(Andrew Holness)
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