moody’s

Moody's Downgrades Barbados Rating, Outlook Remains Negative

Caribbean Photo of the Week

Caribbean Photo of the Week: A Different Shade of Blue in Antigua

The latest Caribbean Photo comes from Caribbean Journal reader David Horn, who sent in this stunning shot of a very cool shade of blue water on the beach in Antigua. Have you taken a great photo in the Caribbean? Send it to news@caribjournal.com with CPOTW in the subject line, including your first and last name […]

moody’s

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 anemic economic growth with limited prospects for improvement,” “persistently large fiscal deficits,” “increasing government liquidity […]

moody’s

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 comes after Belize restructured its $547 million “Superbond,” which is due in 2029. That included […]

moody’s

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 the action was generally expected, in light of ratings firm Standard & Poor’s decision to […]

Moody's Upgrades Belize Credit Rating, Warns of "Debt Overhang"

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 […]

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 factors, Moody’s said, including the expectation of “continued prudent fiscal management and improved debt sustainability […]

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 factors for the downgrade: limited growth prospects following a protracted recession and weak recovery in […]

Standard & Poor's Downgrades Caribbean Development Bank, Outlook "Stable"

Above: the bank, which had another ratings firm downgrade its credit, is based in Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term issuer credit rating on the Caribbean Development Bank from AAA to AA+, the second high-profile downgrade for the bank in less than a month. The bank […]

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