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Fitch Affirms Clarendon Alumina Production's IDRs at 'B'; $200MM Notes at 'B+/RR4'.
Business Wire
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October 17, 2007
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COPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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NEW YORK -- Fitch Ratings has affirmed the following Issuer Default Ratings (IDRs) and debt ratings for Clarendon Alumina Production Limited (CAP), which is 100% owned by the Government of Jamaica (GoJ).
--Local currency IDR 'B';
--Foreign currency IDR 'B';
--US$200 million unsecured notes due in 2021 'B+/RR4'.
The notes benefit from an explicit unconditional and irrevocable guarantee by the Government of Jamaica for timely payment of interest and principal on the notes. The foreign currency IDR of the GoJ is 'B+'. The Rating Outlook of ...
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