Search Result for: barbados downgrade
14 results found.
Barbados Central Bank Challenges Standard and Poor’s Downgrade
Above: Barbados (CJ Photo) By the Caribbean Journal staff The Central Bank of Barbados is challenging Standard and Poor’s recent downgrade of the island’s sovereign credit rating. In a statement released this week, the bank said the downgrade was “without […]
Moody’s Downgrades Barbados Rating, Outlook Remains Negative
Above: Bridgetown (CJ Photo) By the Caribbean Journal staff New York-based ratings firm Moody’s Investors Service has downgraded Barbados’ government bond rating to B3 from Ba3. The three-notch downgrade reflected several factors, Moody’s said, including the increasing size of the […]
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 […]
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 […]
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 […]
Barbados’ Bonds Downgraded to “Junk” Status by Moody’s
Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados’ credit has been downgraded to “junk” status by Moody’s Investors Service. The downgrade lowered the country’s foreign and local currency bond ratings to Ba1 from Baa3. A junk bond, or one […]
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 […]
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 […]
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+” […]
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 […]
Danny Heads to Caribbean, Weakens to Tropical Depression
Storm downgraded By the Caribbean Journal staff The storm known as Danny was set to make landfall in the Caribbean early Monday, after being downgraded first from a Hurricane, then to a Tropical Storm and finally, early Monday, to a Tropical […]
Op-Ed: Jamaica and Wall Street
By David Rowe Op-Ed Contributor THE FACT THAT Barbados’ government bonds have been downgraded to junk status was not a good development for the reputation of the Commonwealth Caribbean in international financial markets. Both Moody’s and Standard and Poors now […]
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 […]
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