Your own pool. Your own kitchen. Your own living room in the Caribbean. But also beach clubs. Golf courses. Butler service. Spas. Restaurants. Housekeeping. Concierge desks. The fastest-growing luxury category in Caribbean travel right now sits somewhere between a private villa and a full-service resort — and travelers are increasingly choosing both at the same […]
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 […]
Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the outlook on its long-term rating on Barbados to negative, the New York-based ratings firm announced. S&P also announced that it had affirmed the country’s “BB+” long-term and “B” short-term sovereign credit ratings. The firm said the outlook reflected “the potential […]
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 […]
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 negative. “We base the downgrade on the result of an estimated fiscal 2013 budget gap, which […]
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