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S&P rates Jamaica bond B
Standard & Poor's said the $150 million increase to Jamaica's $350 million global bond first launched in March carries the same B rating. The $500 million in bonds outstanding under the program mature on March 15, 2039.
The outlook is stable.
According to S&P, the $150 million reopening of the 2039 bond is the first issuance of the new Jamaica Labour Party government, elected on Sept. 3. The government's program should enhance Jamaica's fundamentals in the longer term, the agency said.
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