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S&P rates Jamaica bond B
Standard & Poor's said it assigned a B long-term foreign-currency senior unsecured bond rating to Jamaica's $350 million 8% bond due June 24, 2019.
Jamaica's external situation remains precarious, as rising oil and food import prices continue to pressure trade and service balances, the agency said. Its external liquidity ratio remains weak, reflecting large current account deficits and significant amortization due, S&P added.
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