Search Result for: standard and poor

87 results found.

S&P Affirms Credit Rating on Bahamas; Outlook Remains “Negative”

Above: Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s affirmed its “BBB/A-2” sovereign credit rating on the Bahamas on Tuesday, the New York-based firm announced. The outlook on the Bahamas’ long-term credit rating remains negative, however The […]

Op-Ed: Dileep Rao on Developing Caribbean Entrepreneurs

By Dileep Rao Op-Ed Contributor ACROSS THE world, many believe that it is a shortage of venture capital (VC) that is holding back new business development. Accordingly, governments, often with expert advice, create VC pools with the hope that this […]

S&P Affirms Rating on Puerto Rico; Outlook Remains Negative

Above: San Juan (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has affirmed its “BBB-” rating on the Commonwealth of Puerto Rico’s general obligation and appropriation debt, the New York-based ratings firm announced on Wednesday. The rating reflected […]

Puerto Rico Governor Meets With Rating Agencies in New York

Above: Alejandro Garcia Padilla By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla has concluded a trip to New York City. The Governor was in New York to meet with representatives of ratings agencies Fitch and Standard & […]

S&P Raises Jamaica Credit Rating

Above: Kingston By the Caribbean Journal staff Standard & Poor’s has raised its long-term foreign and local currency sovereign credit ratings on Jamaica, citing “progress in stabilizing the economy” and the country’s agreement with the International Monetary Fund. The rating, […]

Is Jamaica Serious About Tourism?

By Dennis Chung CJ Contributor EACH time I am away, I can’t help but do a comparison between the country I visit and Jamaica. In particular, I always look at the main industry of the country and contrast it against […]

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” […]

Caribbean 2030: A Digital Revolution in Sports Coverage?

By Marcia Forbes, PhD CJ Contributor Boys & Girls Champs The air was electric. Everyone brought their A game — not only the thousands of athletes from 238 high schools across the island but also the 70 member television production […]

S&P Downgrades Puerto Rico Rating

Above: Puerto Rico (CJ Photo) By the Caribbean Journal staff Standard & Poor’s ratings services has lowered its general obligation rating on the Commonwealth of Puerto Rico to “BBB-” from “BBB,” the New York-based firm announced. Puerto Rico’s outlook is […]

S&P Downgrades Grenada Credit Rating

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign and local currency sovereign credit ratings on Grenada to “SD” from “CCC+/C,” citing the announcement that the country would not pay its coupon due […]

Op-Ed: When Will the United Nations Pay for Its Actions in Haiti?

By Jake Johnston Op-Ed Contributor Less than a week after cholera began its violent spread throughout Haiti, a UN military base in the central plateau became the prime suspect for having introduced the bacteria. The UN was quick to shoot […]

Jamaica, IMF Reach $750 Million Staff-Level Agreement

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica has reached its long-awaited agreement with the International Monetary Fund, the organization announced in a statement Friday. The staff-level agreement is on the key elements of an economic programme that […]

Op-Ed: Medical Tourism in the Caribbean

By J Frederick Emert Op-Ed Contributor ACCORDING TO the World Travel & Tourism Council (WTTC), in 2011, the total impact of the medical tourism industry contributed 9 percent of global GDP (over $6 trillion USD) and accounted for 255 million […]

Barbados Finance Minister: Moody’s Downgrade “No Surprise”

Above: Parliament in Bridgetown (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service’s recent downgrade of Barbados’ debt to junk status was “no surprise” to the country’s Ministry of Finance, Minister Chris Sinckler said in a statement. Sinckler said […]

S&P Lowers Credit Rating on Caribbean Development Bank; Outlook Negative

Above: Barbados, home to the CDB, is current on its obligations to the bank (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the long-term foreign currency credit rating on the Caribbean Development Bank to “AA” from […]

S&P Raises Grenada’s Foreign Currency Rating After Coupon Payment

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has raised Grenada’s foreign currency sovereign credit ratings on Grenada Tuesday after the country made a coupon payment it had earlier missed. The country’s rating has been raised […]

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 Lowers Grenada Foreign Currency Ratings After Missed Bond Payment

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign currency sovereign credit ratings on Grenada following a missed bond payment, the ratings firm announced Monday. S&P has lowered its foreign currency sovereign credit […]

Op-Ed: Jamaica’s Language Dilemma

By Richard Smith Op-Ed Contributor Jamaica has in recent times had a vigorous debate on the use of Patois (pronounced Patwa) as its official language, replacing English. This view has been fueled by poor results in CSEC English exams, which […]

S&P Affirms Montserrat Credit Rating; Outlook Remains “Stable”

By the Caribbean Journal staff Standard & Poor’s this week affirmed Montserrat’s “BBB-/A-3” sovereign issuer credit rating, while also affirming its “BBB-” transfer and convertibility assessment. Monterrat’s outlook remains “stable,” according to the ratings firm. The rating reflected “the UK’s […]

Bahamas Government: Ratings Revision Unfortunate, But Not Unexpected

Above: Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s decision Monday to lower its outlook on the Bahamas to negative was unfortunate, but not unexpected, according to a statement from the Bahamian government. The government said it […]

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 […]

S&P: Grenada’s Outlook Stable, Economy Recovering “Modestly”

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s economic outlook remains “stable,” according to ratings firm Standard & Poor’s, which affirmed its “B-” long-term foreign and local currency ratings on the country Tuesday. S&P also raised its short-term […]

S&P: Lack of IMF Agreement “Detracting” from Jamaica’s Creditworthiness

Above: Kingston By the Caribbean Journal staff Standard & Poor’s this week raised the short-term sovereign credit rating on Jamaica to “B” from “C.” The ratings firm also affirmed its “B-” long-term foreign and local currency ratings, along with holding […]

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 […]

St Lucia Prime Minister Explains VAT

Above: St Lucia Prime Minister Dr Kenny Anthony By the Caribbean Journal staff St Lucia Prime Minister Dr Kenny Anthony explained the soon-to-be-implemented Value Added Tax in his budget address this week, clarifying a set of goods and services that […]

Bahamas Signs Contract on Road Works Projects in San Salvador, Inagua

Above: a road in Inagua (BIS Photo) By the Caribbean Journal staff The Bahamas has signed a pair of contracts for roads projects on the islands of San Salvador and Inagua. In San Salvador, the government signed a $587,523 contract […]

On the Ground: Journalism Ethics in Haiti

By Kathie Klarreich A few months into my Knight International Journalism Fellowship in Haiti, I was conducting a training session in a radio newsroom in the capital when a reporter danced through the open door. He proudly announced that he’d […]

The Cayman Islands’ Seven Mile Beach Has a Brand-New Resort