Jamaica — Sovereign Signal
BT-SFS 53.4/100 · BB− · 146 bps over Treasuries
Score and market snapshot
Jamaica trades 4 bps wide of its fundamentals fit (fitted spread 142 bps).
| Field | Value |
|---|---|
| BT-SFS score | 53.4 / 100 |
| Rank | 22 of 51 |
| Composite rating | BB− |
| Agency ratings | Moody's Ba3 · S&P BB · Fitch BB- |
| Benchmark USD bond | JAMAN 8 39 |
| Spread over Treasuries | 146 bps |
| Yield to worst | 5.61% |
| Duration | 7.8y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 45.7 |
| External | 46.3 |
| Macro | 52.2 |
| Institutions | 70.8 |
The nine metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Current account / GDP | External | -6.0% | 10.4 | IMF | 2026 |
| International reserves, months of imports | External | 6.5 mo | 73.3 | World Bank | 2024 |
| General government debt / GDP | Fiscal | 65.8% | 40.6 | IMF | 2026 |
| Interest expense / revenue | Fiscal | 19.4% | 29.2 | IMF | 2026 |
| Primary balance / GDP | Fiscal | 0.6% | 70.8 | IMF | 2026 |
| WGI institutional composite | Institutions | -0.00 | 70.8 | WGI composite | 2024 |
| Real GDP growth | Macro | -1.2% | 2.1 | IMF | 2026 |
| GDP per capita, USD | Macro | $8,356 | 45.8 | IMF | 2026 |
| Inflation stress | Macro | 6.1% | 94.5 | IMF | 2026 |
Score history
Applying the current methodology to historical sources, Jamaica moves from 58.5 in 2016 to 53.4 in 2026 (-5.1 points over ten years).
Default and restructuring registry
No bond default or restructuring events in the registry window.
Frequently asked questions
What is Jamaica's sovereign credit score?
Jamaica scores 53.4/100 on the BT Sovereign Fundamentals Score, ranking 22 of 51 sovereigns covered. The score is built from nine public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Jamaica USD bond does BondTerminal track?
JAMAN 8 39 (ISIN US470160AV46), the near-5-year USD benchmark, currently 146 bps over Treasuries with a 5.61% yield to worst.
Is Jamaica trading wide or tight of its fundamentals?
Jamaica trades 4 bps wide of its fundamentals fit (fitted spread 142 bps).
Related
- All 51 sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — every metric, weight, and transformation, in public.
- Jamaica vs Dominican Republic — fundamentals and spreads head to head.
- Paraguay — regional peer, BT-SFS 52.6 · 174 bps.
- Guatemala — regional peer, BT-SFS 55.5 · 153 bps.
- Colombia — regional peer, BT-SFS 52.1 · 184 bps.