Moody's: Jamaica view to stable

Moody's Investors Service said it changed the outlook of Air Jamaica Ltd. to stable from negative. Its corporate family and senior unsecured ratings were affirmed at Caa1. Its foreign-currency bond rating remains at Caa1.

The change in outlook mirrors the change of the outlook of the foreign-currency bond rating of Jamaica to stable, Moody's said.

The ratings reflect Jamaica's unconditional and irrevocable guarantee of the rated debt obligations of Air Jamaica, the agency said.

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