The west coast of Barbados runs on clear water, steady trade winds, and long ribbons of white sand, where small hotels and beach bars line the shoreline. On June 1, a new resort will join that stretch in St. James: Royalton Vessence Barbados, an adults-oriented all-inclusive that brings a more layered, experience-driven approach to this […]
Above: Kingston (CJ Photo) By the Caribbean Journal staff Fitch has lowered Jamaica’s outlook to negative, although the firm affirmed its B- credit rating on the country, it announced Friday. The revision to negative reflects “Jamaica’s rising financing constraints in the context of elevated fiscal and external imbalances,” the New York-based firm said. “The sustained […]
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 […]
Above: Kingston By the Caribbean Journal staff Standard & Poor’s has maintained its negative outlook for Jamaica, while affirming its “B-/B” long and short-term sovereign credit ratings on the country, the ratings firm announced. “Our ratings on Jamaica reflect its high general government debt and interest burden; limited fiscal, monetary and external flexibility; and low […]
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