Standard & Poor's credit rating for Jamaica stands at B+ with negative outlook. Moody's credit rating for Jamaica was last set at B2 with stable outlook. Fitch's credit rating for Jamaica was last reported at B+ with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Jamaica thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Jamaica as reported by major credit rating agencies.


AgencyRatingOutlookDate
S&PB+ Negative Apr 16 2020
FitchB+ Stable Apr 10 2020
FitchB+ Positive Jan 29 2020
Moody'sB2 Stable Dec 11 2019
S&PB+ Stable Sep 27 2019
FitchB+ Stable Jan 31 2019
S&PB Positive Sep 25 2018
Moody'sB3 Positive Jul 20 2018
FitchB Positive Jan 31 2018
Moody'sB3 Stable Nov 21 2016
FitchB Stable Feb 11 2016
S&PB Stable Jun 03 2015
Moody'sCaa2 Positive May 28 2015
FitchB- Positive Feb 19 2015
S&PB- Positive Sep 19 2014
FitchB- Stable Feb 25 2014
Moody'sCaa3 Positive Feb 12 2014
S&PCCC+ Negative Mar 07 2013
Moody'sCaa3 Stable Mar 06 2013
S&PCCC+ Stable Mar 06 2013
FitchCCC N/A Mar 01 2013
S&PB- Stable Feb 24 2013
FitchRD N/A Feb 22 2013
Moody'sB3 Negative Watch Feb 14 2013
FitchC N/A Feb 12 2013
S&PSD N/A Feb 12 2013
FitchB- Negative Jan 18 2013
FitchB- Stable Nov 21 2011
S&PB- Negative Oct 31 2011
Moody'sB3 Stable Mar 02 2010
S&PB- Stable Feb 24 2010
FitchB- Stable Feb 16 2010
FitchCCC Positive Watch Feb 03 2010
Moody'sCaa1 Stable Jan 22 2010
S&PSD N/A Jan 14 2010
FitchCCC Negative Nov 24 2009
Moody'sCaa1 Negative Nov 18 2009
S&PCCC Negative Nov 02 2009
S&PCCC+ Negative Aug 05 2009
S&PB- Negative Mar 18 2009
Moody'sB2 Stable Mar 04 2009
FitchB Negative Nov 18 2008
Moody'sB1 Negative Watch Nov 04 2008
S&PB Negative Oct 21 2008
FitchB+ Stable Aug 29 2006
S&PB Stable Dec 10 2004
S&PB Negative Feb 05 2004
S&PB Stable Jul 28 2003
Moody'sB1 Stable May 27 2003
Moody'sBa3 Negative Watch Apr 17 2003
S&PB+ Negative Dec 19 2002
S&PB+ Stable May 02 2001
S&PB Positive Dec 14 2000
S&PB Stable Nov 09 1999
Moody'sBa3 Stable Mar 30 1998

 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 62
CCC+ B3 B- 23
SD Ca RD SD 10
Ba3 BB- 16
BBB+ BB 55
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 48
BB Ba2 50
B+ B2 BB- 35
BB- Ba3 BB- 40
B- Caa1 22
B B3 B 26
AA Aa3 AA- AA (high) 86
SD Caa1 17
B+ B2 B 31
A+ A2 N/A 78
B+ B1 B+ 36
B B3 27
BBB+ A2 70
BB- Ba2 BB- BB (low) 42
BBB Baa2 BBB 60
B 25
N/A B2 30
B- B2 B 28
AAA Aaa AA+ AAA 100
B B- 30
Aa3 85
A+ A1 A N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB- BBB 57
CCC+ Caa1 20
B B2 B 31
BBB- Ba2 BBB- 51
Caa2 15
BBB- Ba2 BBB- BBB (low) 50
AA- Aa3 AA- 83
AAA Aaa AAA AAA 100
BB- Ba3 BB- 40
SD Caa3 RD 13
B B2 B+ 30
B- B3 B- 25
AA- A1 AA- AA (low) 83
B B2 B 30
AA Aaa AAA AAA 98
BB- Ba3 40
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 92
N/A Caa1 CCC 26
BB Ba2 BB 45
AAA Aaa AAA AAA 100
B B3 B 23
BB- B1 BB BB (low) 37
SD
BB- Ba1 BB- 45
BB- B1 35
AA+ Aa3 AA- 90
BBB Baa3 BBB 58
A A2 A 75
BBB- Baa3 BBB- BBB 56
BBB Baa2 BBB 60
B- Caa1 B- 23
AA- A2 A+ A (high) 78
N/A Aa2 90
AA- A1 A+ 81
BBB Baa3 BBB- BBB (high) 61
Ba3 B+ 37
B+ B2 B+ 33
A+ A1 A A (high) 77
B+ B1 BB- 36
BBB- Baa3 BBB 56
B+ B2 B+ 33
AA- Aa2 AA 88
NR B2 30
B3 B- 25
A+ A3 A- A (low) 73
SD C RD 11
B 35
AAA 100
A+ A3 A A 75
AAA Aaa AAA AAA 100
Aa3 AA 87
BB- BB+ 45
A- A3 A- 70
B3 B 30
B3
A- A2 A+ A (high) 75
Baa1 65
BBB Baa1 BBB- BBB 60
B3 25
B B3 B 28
B+ B1 35
BBB- 55
BBB- Ba1 BBB- 53
CCC+ Caa2 CCC 14
Ba2 BB 45
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B3 B- 25
B3
B- B2 B 30
AAA Aaa AAA AAA 99
BB- Ba3 BB 43
B- B3 B- 25
BBB+ Baa1 BBB 63
B- B2 30
BB Ba1 BB+ 46
BBB+ A3 BBB+ N/A 65
BBB+ Baa2 BBB 61
A- A2 A- A 71
BBB Baa3 BBB BBB (high) 71
D 0
AA- Aa3 AA- 85
B- Caa2 CCC 20
BBB- Baa3 BBB- 55
BBB- Baa3 BBB 55
B+ B2 B+ 33
BB+ 55
A- A1 A 75
B+ Ba3 37
BB+ Ba3 BB+ 46
B+ 45
AAA Aaa AAA AAA 98
A+ A2 A A (high) 76
AA- Baa1 A A (high) 75
B3 25
BB- Ba1 BB 46
AA Aa2 AA- 86
A Baa1 A- A 71
B- B2 B- 28
B3 25
CCC Caa3 CC 16
B3 30
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3 25
B1
BBB+ Baa1 BBB+ 65
B B3 30
BBB- Ba1 52
N/A B2 B 31
B+ B1 BB- BB (high) 36
B B2 B+ 31
B B3 B 26
AA Aa2 AA 90
AA Aa2 AA- AAA 91
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
BB- B1 BB- 38
SD WR RD 11
BB Ba3 BB 43
CCC Ca CC 30


Credit Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com