Bank of Jamaica warns about rising corporate debt
Portfolios changed as banks shed public debt and private borrowing grew, report says
Jamaican banks are vulnerable to the corporate sector’s rising debt and reduced solvency, the country’s central bank says in its financial stability report for 2018.
Corporate sector liabilities as a share of assets rose 1.5 percentage points to 63.4% for the year ending in September 2018, the central bank says. Also, it says, the ratio of debt to operating profit “deteriorated” during the period.
Jamaican banks “sharply” increased their exposure to corporate sector debt in 2018, the report
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