Fitch Ratings Agency has affirmed the Government’s Long-Term Foreign-Currency Issuer and Local Currency Issuer Default Rating at ‘B+’ and revised the outlook from stable to positive.
Fitch indicated that the revised outlook reflected Jamaica’s efforts in maintaining the debt-to-GDP on a downward trajectory and large primary surpluses.
In explaining the affirmation of  the “B+” ratings, Fitch pointed out that the high debt-to-GDP and low growth levels were constraining factors.
However, it said prospects for growth have improved and it is expected to move steadily to 1.5 per cent by 2021.