A cloud rests over the summit of Nevis Peak. Stone sugar mills emerge from tropical gardens. Wooden houses and Georgian buildings line the compact streets of Charlestown, where church bells, fruit stalls and centuries of Caribbean history occupy the same few blocks. Down by the sea, the mood changes. The water off Pinney’s Beach is […]
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 that is “below investment grade” due to a heightened risk of default, is any bond […]
