Search Result for: credit rating
97 results found.
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 […]
Turks and Caicos Islands Gets First-Ever S&P Sovereign Credit Rating
Above: the Turks and Caicos Islands By the Caribbean Journal staff The Turks and Caicos Islands has received its first-ever sovereign credit rating from Standard & Poor’s. The British Overseas Territory received a rating of “BBB+/A-2” from the New York-based […]
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 […]
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 […]
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, […]
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 […]
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 […]
Moody’s Downgrades Bahamas Credit Rating; Outlook Remains Negative
Above: Nassau (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the rating of the Bahamas’ government to “Baa1” from A3, the New York-based ratings firm announced Friday. The government’s outlook remains negative. Moody’s cited three major […]
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 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 […]
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 […]
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 […]
Puerto Rico Rating Downgraded to Junk Status By Standard and Poor’s
Above: San Juan (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its rating on the government of Puerto Rico’s general obligation debt to junk status, the New York-based ratings firm announced Tuesday. The firm lowered Puerto […]
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 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 […]
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 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 […]
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 […]
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 […]
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 […]
Haiti Prime Minister Laurent Lamothe Launches Women’s Credit Initiative
Above: Haiti PM Laurent Lamothe (Photo: OPM) By the Caribbean Journal staff Haiti Prime Minister Laurent Lamothe launched a new programme Friday aimed at providing credit for female entrepreneurs. The initiative, called “Woz Kredi Power Fanm Lakay,” targets female entrepreneurs […]
S&P Lowers Bahamas Sovereign Rating
By the Caribbean Journal staff Standard & Poor’s today lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, calling the country’s outlook “stable.” The ratings agency cited economic vulnerabilities given a dependence on tourism and on the US market, […]
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 […]
The Latest Baha Mar Update
What’s next for troubled megaresort By the Caribbean Journal staff The Baha Mar saga has taken a major step forward with the appointment of a provisional liquidator by the Supreme Court of the Bahamas. The ruling by the court means […]
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 […]
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 […]
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