Search Result for: bond rating

46 results found.

Moody’s Upgrades Suriname Bond Rating, Raises Outlook to “Positive”

Above: Paramaribo (Photo: IDB) By the Caribbean Journal staff Ratings firm Moody’s has upgraded the foreign currency rating of the government of Suriname to Ba3 and raised the country’s economic outlook from stable to “positive.” The change came from several […]

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 […]

ian fleming villa with beach and green trees

American Airlines Begins New Ocho Rios, Jamaica Flights, With a Nod to James Bond

Ian Fleming began writing the book that would become Casino Royale at his seaside villa in the town of Oracabessa, Jamaica in February 1952. It was here on the outskirts of Ocho Rios that Fleming would forge the story of […]

James Bond’s Jamaican Rum

“It’s just that I’d rather die of drink than of thirst” — James Bond in Ian Fleming’s Thunderball The guests to Ian Fleming’s Goldeneye villa in Jamaica were welcomed with a singular cocktail called the “Old Man’s Thing.” The recipe for […]

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 […]

Puerto Rico Governor Approves New Issue of General Obligation Bonds

Above: San Juan (CJ Photo) By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla has signed legislation authorizing the issuance of new general obligation bonds. The bonds will be used to “refinance outstanding lines of credit and meet […]

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 […]

Moody’s Upgrades Belize Credit Rating, Warns of “Debt Overhang”

Above: Parliament in Belmopan By the Caribbean Journal staff New York-based Moody’s has upgraded the credit rating on Belize’s government bonds, the firm announced Monday. The rating has been lifted to Caa2 from Ca, with a “stable” outlook. The move […]

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 […]

Standard & Poor’s Raises Jamaica Credit Rating After Debt Exchange

Above: Kingston (CJ Photo) By the Caribbean Journal staff Following a similar move by Fitch last week, Standard & Poor’s has raised Jamaica’s foreign and local currency sovereign credit ratings to “CCC+” and out of default. The move came after […]

Fitch Raises Jamaica’s Sovereign Rating, Citing Debt Exchange

Above: Kingston (CJ Photo) By the Caribbean Journal staff Fitch has raised Jamaica’s local and foreign currency default ratings to “CCC” from “RD,” the New York-based firm announced Friday. The “CCC” rating implies that default is a “real possibility,” however. […]

Standard & Poor’s, Fitch Downgrade Jamaica Credit Rating

Above: Kingston (CJ Photo) By the Caribbean Journal staff Standard & Poor’s and Fitch have each downgraded Jamaica’s sovereign credit rating following the country’s announcement of a debt exchange offer on Monday night. The moves came after Jamaica announced a […]

Standard & Poor’s Places Puerto Rico Highway Bonds on Negative Watch

Above: Puerto Rico By the Caribbean Journal staff New York-based Standard & Poor’s has placed a group of highway-related bonds in Puerto Rico on CreditWatch with negative implications, citing insufficient reporting. The bonds, which include a BBB+ rating on the […]

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 […]

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 […]

Grenada Government: Standard and Poor’s Ratings Action “Premature”

Above: St George’s (CJ Photo) By the Caribbean Journal staff Standard & Poor’s decision to lower Grenada’s foreign currency ratings this week following a missed bond payment was “premature,” the country’s government said in a statement. Grenada said that the […]

United States Virgin Islands Raises $130 Million in Bond Issue

Above: the USVI By the Caribbean Journal staff The US Virgin Islands Public Finance Authority sold $146 million of Matching Fund Bonds last week, a bond issue that raised $130 million to fund the government’s operating costs for three fiscal […]

Standard & Poor’s Lowers Credit Rating on Belize, Citing Politics

By the Caribbean Journal staff Standard & Poor’s has lowered its long-term foreign and local currency sovereign credit ratings on Belize to CCC+ from B-, with its outlook “stable.” The ratings firm pointed to an announcement by Prime Minister Dean […]

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 […]

Aruba Adds More Flights from Latin America

The Dutch Caribbean island of Aruba has continued a year of expansion out of the Latin American market with new service on LATAM, Caribbean Journal has learned. The new service connects Aruba with Lima, Peru. It’s the first time Aruba […]

The 15 Best Spa Resorts in the Caribbean

Resort spas have become almost as common as fitness centers on amenity lists, but while it’s simple enough to carve out some space for a few treatment rooms, there are some spas that offer a true “experience” to go along […]

American Airlines Is Adding a New Destination in Jamaica

American Airlines is adding a brand-new destination on the island of Jamaica next year, Caribbean Journal has learned. On Feb. 24, 2024, American will launch its first-ever service between Miami and Ian Fleming International Airport on the north coast of […]

From Jamaica to Antigua, Hotels and Bars With Music History

Music has always been deeply intertwined with Caribbean culture, from the African rhythms brought over by enslaved people to the lively calypso and soca rhythms that drive the region’s Carnival celebrations. The musical legacy of the Caribbean built to a […]

This Iconic Bahamas Resort Has a New Look

The Bal du Paradis was one of the world’s most famous galas in 1962, a fete on Paradise Island in The Bahamas celebrating the opening of the Ocean Club resort. Boldfaced names like Zsa Zsa Gabor and five United States […]

What’s Next for Four Seasons in the Caribbean?

By Joe Pike, Special Contributor to CJI To access this content, subscribe now. Choose from two tailored subscription options: Caribbean Journal Invest for comprehensive investment news or Caribbean Journal Travel Advisor for targeted content for travel agents and advisors. Subscribe […]

Jamaica’s Half Moon Reopens Founders Cove Resort

Since 1954, it’s been one of the Caribbean’s iconic resorts. And now it’s back. Jamaica’s Half Moon has reopened its signature Founders Cove resort, Caribbean Journal has learned. The reopening comes after Half Moon recently relaunched its newest addition, the […]

Shaggy Is Spreading Caribbean Christmas Cheer in Jamaica and Beyond

If you can’t be in the Caribbean this holiday season, the new Christmas album by reggae star Shaggy will fill your stocking with island cheer. The multi-Grammy Award winner and native of Kingston, Jamaica says the record was inspired by […]

The Caribbean’s Most Exciting New Rooftop Bar Is In Antigua