Search Result for: credit rating
97 results found.
New $100 Million Hotel Project Coming to Turks and Caicos Islands
Above: a rendering of the Third Turtle Resort and Marina By the Caribbean Journal staff A $100 million hotel project is coming to the Turks and Caicos Islands. The development agreement for the “Third Turtle Resort and Marina,” which would […]
Barbados Plans Job Cuts For 3,000 Public Sector Workers
Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados’ fiscal consolidation efforts could soon mean the loss of 3,000 public sector jobs, Finance Minister Chris Sinckler announced this week. The proposed cuts, part of a wider fiscal consolidation programme, […]
Standard & Poor’s Lowers Barbados Outlook to Negative
Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the outlook on its long-term rating on Barbados to negative, the New York-based ratings firm announced. S&P also announced that it had affirmed the country’s “BB+” […]
S&P Raises Curacao Outlook to Stable
Above: Curacao By the Caribbean Journal staff Standard & Poor’s has affirmed its ratings on the government of Curacao and raised the island’s outlook to stable from negative, the New York-based ratings agency announced. Curacao’s government has “A-” and “A-2” […]
Op-Ed: Obama and the Caribbean
By David Rowe Op-Ed Contributor IF UNITED STATES PRESIDENT Barack Obama’s foreign policy can be criticized, it can be on the basis that it has been somnolent and reactionary with regard to Caribbean policy. Neither the United States nor […]
Fitch Lowers Jamaica Outlook to Negative
Above: Kingston (CJ Photo) By the Caribbean Journal staff Fitch has lowered Jamaica’s outlook to negative, although the firm affirmed its B- credit rating on the country, it announced Friday. The revision to negative reflects “Jamaica’s rising financing constraints in […]
Grenada Government Says Coupon Payment Completed on 2025 Bond
By the Caribbean Journal staff Grenada’s government says it has made the September coupon payment on its $193 million bond due in 2025. The government had missed the payment earlier this month, leading to a downgrade of its foreign currency […]
S&P Maintains Negative Outlook on Jamaica, Citing Debt, Low Growth
Above: Kingston By the Caribbean Journal staff Standard & Poor’s has maintained its negative outlook for Jamaica, while affirming its “B-/B” long and short-term sovereign credit ratings on the country, the ratings firm announced. “Our ratings on Jamaica reflect its […]
S&P Lowers Bahamas’ Outlook to Negative, Points to Weakening Fiscal Profile
Above: downtown Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has revised the outlook on its long-term rating on the Bahamas to negative from stable, the ratings firm announced Monday. The revision reflected the firm’s view that […]
Standard & Poor’s Downgrades Caribbean Development Bank, Outlook “Stable”
Above: the bank, which had another ratings firm downgrade its credit, is based in Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term issuer credit rating on the Caribbean Development Bank from AAA to […]
Op-Ed: How to Fix the Bahamas’ Economy
By Mark Turnquest Op-Ed Contributor After analyzing The Bahamas’ economic conditions for the past three years and reviewing international watchdog agencies’ (Moody’s, IFC/World Bank, Standard & Poor’s) reports, it is imperative that the public and private sectors focus on small […]
Interview with Francis Fonseca, Candidate for Prime Minister of Belize
By Alexander Britell BELIZEANS HEAD TO THE POLLS Wednesday to choose their next government — deciding between Prime Minister Dean Barrow’s ruling United Democratic Party and the Opposition People’s United Party, led by Francis Fonseca, which is looking to return […]
Standard & Poor’s Lowers Barbados Outlook, Warns of Rising Downgrade Risk
Above: Parliament in Barbados By Alexander Britell Ratings firm Standard & Poor’s affirmed its BBB-/A-3 local and foreign currency sovereign credit ratings on Barbados this week, but lowered its outlook from stable to negative. “We base our ratings on Barbados […]
S&P Explains Bahamas Downgrade
Above: downtown Nassau (Photo: CJ) By Alexander Britell On Monday, ratings firm Standard & Poor’s announced it had lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, citing a heavier weight its new sovereign credit rating criteria places on […]
The US Downgrade’s Impact on Jamaica
The downgrade of the United States’ credit rating by Standard and Poor’s earlier this month could have an impact on the Jamaican economy as part of increased global uncertainty, according to Bank of Jamaica Governor Brian Wynter. The BOJ has […]
Dookeran: Trinidad Economy Stable
By the Caribbean Journal staff Trinidad Finance Minister Winston Dookeran said the country’s economy remains stable, despite Standard & Poor’s decision to lower the country’s long-term local currency sovereign credit rating. The new development, he said, was part of a […]
Fundamentals Remain “Strong” Across Puerto Rico’s Hotel Market
The stars continue align over Puerto Rico’s hotel space. To access this content, subscribe now. Caribbean Journal Invest is the leading authority on hotel, real estate and investment news in the Caribbean. Subscribe today to unlock this article and receive […]
Tradewind Aviation Opens New Palm Beach Base
Leading private aviation company Tradewind Aviation has opened its new base near Palm Beach, Fla. The company’s first Southeastern base is the latest development in the company’s aggressive growth push that includes the purchase of 20 new Pilatus PC-12 NGX […]
How This Aruba Resort Sets the Standard for Sustainability
Growing up on a farm gave Ewald Biemans a love of nature, but it was watching Aruba grow into a global tourist destination drawing millions of visitors each year that spurred him to create arguably the most environmentally responsible resort […]
The Climate for Caribbean Home Financing
By Joe Pike, Special Contributor to CJI To access this content, subscribe now. Caribbean Journal Invest is the leading authority on hotel, real estate and investment news in the Caribbean. Subscribe today to unlock this article and receive our newsletter, […]
The Caribbean’s Hottest Culinary Event Is Coming to Antigua
Whether you’re having sushi by the pool at Rokuni, savoring Venetian cicchetti on the beach at Wild Tamarind or enjoying grazing boards at the Antigua Vintage Tea House, Antigua and Barbuda is filled with exceptional, unforgettable culinary experiences. Indeed, Antigua […]
Pair of Major Caribbean Resorts Sold
By Alexander Britell To access this content, subscribe now. Caribbean Journal Invest is the leading authority on hotel, real estate and investment news in the Caribbean. Subscribe today to unlock this article and receive our newsletter, or Log In to […]
Why Residential Resorts Could Boom in the Caribbean
By Joe Pike and Alexander Britell When travel fully resumes either during or following the coronavirus (COVID-19) pandemic, experts are predicting a residential resort investment spike in Caribbean destinations that can offer both low density properties and seclusion. Caribbean Journal […]
5 Trending Food Destinations in the Caribbean
Sitting under a palapa at the water’s edge, dining on whole snapper glazed in unagi joined by a 2016 Astrid & Therese riesling, one begins to realize just how much the Caribbean culinary scene has changed in recent years. Because […]
The First Carbon-Neutral Hotel in the Caribbean Is in Aruba
By Dana Niland CJ Contributor One of the Caribbean’s greenest hotels just took things to another level. The Bucuti & Tara Beach Resort in Aruba has become the first in the Caribbean to achieve total carbon neutrality. To be certified […]
Delta Launching New York-St. Kitts Flights
Delta Airlines has announced plans to launch new nonstop flights to St. Kitts, including a new route. The highlight is the carrier’s planned launch of a new weekly Saturday flight from New York’s John F. Kennedy Airport to St. Kitts, […]
The Caribbean’s Most Innovative Hospital
The Caribbean’s most innovative hospital just passed a major milestone. Health City Cayman Islands is celebrating three years since it opened its doors. In that time, the hospital has treated more than 29,000 patients. As the hospital celebrates its third anniversary […]
It’s Time for New Thinking on Caribbean Airlift
BY KAREEM YARDE CJ Contributor As a relatively unexplored topic, I recently wrote a research proposal concerning airline route development in the Caribbean region. This overarching review suggests that this is certainly a topic which the Caribbean region stands to […]
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