Search Result for: standard and poor

87 results found.

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 […]

The US Downgrade’s Impact on Cayman

The recent downgrading of the United States’ federal debt rating by Standard and Poor’s may not impact Cayman in the near future, but US developments will continue to have a significant impact on the island chain. “Cayman will largely be […]

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 […]

The Caribbean Travel Awards 2024

It’s hard to believe it has been a decade since the inaugural edition of the Caribbean Travel Awards, the first true regional celebration of travel and tourism in the Caribbean. In 10 years, the Caribbean tourism industry has dramatically changed, […]

How to Take a Caribbean Sailing Vacation Right Now

Sailing through the British Virgin Islands on a chartered catamaran is every bit the fantasy journey it sounds like, but here’s one surprise I got during my time cruising around Tortola, Virgin Gorda, and Jost Van Dyke on a Moorings […]

Op-Ed: Rethinking Caribbean Cruise Port Revenues

By Robert MacLellan CJ Contributor Can tourism-dependent Caribbean governments learn something from oil producing countries? When relatively small and poor oil producing governments sought to get a fair price for oil – their main source of national revenue – they […]

Developing Jamaica’s Intellectual Capacity for Growth

BY DENNIS CHUNG CJ Contributor I recently made the point that the most important asset that Jamaica has is its three million residents, and that it is the underutilization of this asset that has caused us to attain average growth […]

The Caribbean Response to Brexit

Caribbean Leaders Weigh-in on Brexit By Marcia Forbes, Ph.D. CJ Contributor Brexit is not Cricket Business people often have a different point of view from academics; however, at the UWI forum regarding Brexit and its implications for the Caribbean, everyone […]

Maximizing Jamaica’s Potential

AS I listened to the Planning Institute of Jamaica’s recent review of the Jamaican economy, I thought to myself that we have become a nation that is too used to mediocrity. The PIOJ estimated that the Jamaican economy grew by 0.9 […]

The Caribbean Has an Air Tax Problem

By George Nicholson Op-Ed Contributor The regional airline industry has been characterised by a high degree of commercial difficulties. The last three decades has seen the Caribbean airspace littered with the remains of more than thirty carriers – some of […]

A Boost for Internet in Belize

By Gerard Best CJ Contributor The Belize Public Utilities Commission announced that Belize’s first Internet exchange point, named BIXP, was successfully launched in Belize City last week at the campus of the University of Belize. The launch was the culmination of […]

What Are Jamaica’s Development Goals?

By Dennis Chung CJ Contributor Last year I had set a goal to ride 7,500 miles on the bicycle, which I achieved. Discussing it with another cyclist, I was asked if that was my ultimate objective and if I would […]

A Letter to Haiti

To the Motherland By Ilio Durandis CJ Contributor I am not sure where to begin, but I have this impulse inside of me that will not go away. My thoughts have been holding me hostage every time I think about […]

Could the “Singapore Experience” Have Happened in Trinidad?

Above: Port of Spain (CJ Photo) By Paul Hay CJ Contributor Lee Kuan Yew, Singapore’s first Prime Minister, died on 23 March 2015; and on 29 March 2015, the Straits Times published an article titled “The Singapore That Lee Kuan […]

Barbados Credit Rating Cut Again

Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados has seen its sovereign credit rating lowered again. New York-based Standard & Poor’s lowered the country’s long-term sovereign credit ratings to “B” from “BB-“, the ratings firm announced Friday. The […]

Jamaica’s Fundamental Challenges

By Dennis Chung CJ Contributor ONE of the things I pointed out early in my second book is that before we can solve a problem we need to understand what the fundamental issues are. I say that because over the […]

S&P Raises Jamaica Outlook

Above: Jamaica (CJ Photo) By the Caribbean Journal staff Ratings firm Standard & Poor’s has raised its outlook on Jamaica’s long-term sovereign credit ratings, it announced last week. The firm revised its outlook to positive from stable and affirmed its […]

Fitch Downgrades Aruba Credit

Above: Aruba By the Caribbean Journal staff Fitch Ratings has downgraded Aruba’s long-term foreign and local currency issuer ratings to BBB- from BBB, the New York-based ratings firm announced. The firm said the island’s sovereign creditworthiness had “deteriorated” since 2009 […]

S&P Raises Caribbean Development Bank Outlook to “Stable”

Above: the Caribbean Development Bank’s headquarters By the Caribbean Journal staff Ratings firm Standard & Poor’s has raised its outlook on the Caribbean Development Bank to stable from negative. The revision came as the New York-based firm affirmed the bank’s […]

S&P Affirms Bermuda Rating; Outlook Remains Negative

Above: Bermuda By the Caribbean Journal staff New York-based Standard & Poor’s has affirmed its AA-/A-1+ rating on Bermuda, the ratings firm announced this week. The British Overseas Territory’s outlook remains negative, however, it said. “The ratings on Bermuda are […]

Moody’s Follows S&P, Downgrades Puerto Rico to Junk Status

Above: San Juan (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the general obligation of the Commonwealth of Puerto Rico to Ba2, or “junk” status, the New York-based firm announced Friday. The move follows a similar […]

S&P: Grenada Debt Restructuring Could Take “Considerable Time”

Above: Grenada By the Caribbean Journal staff Grenada’s proposed debt restructuring could take “considerable time,” according to New York-based ratings firm Standard & Poor’s. The firm announced Friday that its “SD,” or selective default, rating on Grenada had remained unchanged. […]

A New Vision For Jamaica

By Dennis Chung CJ Contributor THIS week I am going to look at the positive impact we can have on Jamaican development if we were to fix the crime and bureaucracy challenges I discussed last week. I will once again […]

Planning “A Green Nevis”

Above: Nevis (CJ Photo) By the Caribbean Journal staff Renewable energy will form the basis of the Nevis Island Administration’s energy strategy, according to Premier Vance Amory. The Premier, who presented his 2014 budget last week, said work was “ongoing” […]

Moody’s Downgrades Barbados Rating; Outlook Remains “Negative”

Above: Barbados (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the government bond rating of Barbados to Ba3 from Ba1, the New York-based firm announced. The two-notch downgrade reflected several key drivers, including the country’s “continued […]

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, […]

Should Haiti Host the World Cup?

By Ilio Durandis CJ Contributor IMAGINE the tiny country of Haiti as host to one of the world’s biggest events: the World Cup. For now, it may all seem like fiction; however, if Haiti wants to be an emerging country […]

S&P Downgrades Barbados Credit Rating; Economy “Back Into Recession”

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term rating on Barbados, the New York-based rating firm announced. The country’s long-term credit rating was lowered to “BB-” from “BB+” while Barbados’ outlook was […]

From Antigua to Saint Lucia to St Kitts, This Caribbean Airline Is Growing