Moody's cuts Air Jamaica

Moody's Investors Service said it lowered Air Jamaica Ltd.'s guaranteed senior unsecured notes to B2 from B1 and confirmed the corporate family rating at B2.

The outlook is stable. This concludes a review for downgrade of Air Jamaica's ratings that began on Nov. 4.

The action follows a downgrade of the Government of Jamaica's foreign-currency government bond rating to B2.

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