Search Result for: foreign currency ratings

23 results found.

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 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: 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 […]

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 […]

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 […]

S&P: Belize Remains in Default, Despite Partial Coupon Payment

Above: Parliament in Belize By the Caribbean Journal staff Ratings firm Standard & Poor’s has not changed its “SD” foreign currency ratings and “D” rating on Belize’s bond due in 2029 after the country made a partial payment of $11.7 […]

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: 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. […]

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, […]

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. […]

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 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 […]

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: 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 […]

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 […]

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 […]

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 […]

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 […]

Moody’s Gives Trinidad Stable Outlook

Above: Port of Spain, Trinidad Moody’s recently rated Trinidad and Tobago with a “Stable Outlook,” along with rating its government bonds at BAA1–Stable for foreign currency and BAA1 for local currency. According to a July credit analysis report, the country’s […]

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