Search Result for: standard and poor

87 results found.

Barbados Central Bank Challenges Standard and Poor’s Downgrade

Above: Barbados (CJ Photo) By the Caribbean Journal staff The Central Bank of Barbados is challenging Standard and Poor’s recent downgrade of the island’s sovereign credit rating. In a statement released this week, the bank said the downgrade was “without […]

Puerto Rico Rating Downgraded to Junk Status By Standard and Poor’s

Above: San Juan (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its rating on the government of Puerto Rico’s general obligation debt to junk status, the New York-based ratings firm announced Tuesday. The firm lowered Puerto […]

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 […]

Standard & Poor’s Lowers Barbados Outlook to Negative

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+” […]

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 […]

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 […]

Standard & Poor’s Places Puerto Rico Highway Bonds on Negative Watch

Above: Puerto Rico By the Caribbean Journal staff New York-based Standard & Poor’s has placed a group of highway-related bonds in Puerto Rico on CreditWatch with negative implications, citing insufficient reporting. The bonds, which include a BBB+ rating on the […]

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 […]

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 […]

Taxes and Caribbean Tourism

By Robert MacLellan Op-Ed Contributor LIAT Airlines has been a vital factor in the commercial and tourism life blood of the Caribbean for decades. However, the company has now had three CEO’s and two Acting CEO’s in the last seven years, […]

Trade and Caribbean Development

By Alberto Duran and Kariyma Baltimore Op-Ed Contributors Discussions surrounding the link between trade and development have been numerous. Economists; Development Practitioners; Academia; and Policy Makers have all made significant contributions to the trade and development discourse. The positive impact […]

The Private Sector and Jamaica’s Growth

By Dennis Chung CJ Contributor THE recent Jamaica Observer report that 7,000 professionals have left Jamaica over the past few years has received much attention. We all know that teachers, nurses, engineers, accountants, and other professionals have been making the […]

New $100 Million Hotel Project Coming to Turks and Caicos Islands

Above: a rendering of the Third Turtle Resort and Marina By the Caribbean Journal staff A $100 million hotel project is coming to the Turks and Caicos Islands. The development agreement for the “Third Turtle Resort and Marina,” which would […]

Turks and Caicos Islands Gets First-Ever S&P Sovereign Credit Rating

Above: the Turks and Caicos Islands By the Caribbean Journal staff The Turks and Caicos Islands has received its first-ever sovereign credit rating from Standard & Poor’s. The British Overseas Territory received a rating of “BBB+/A-2” from the New York-based […]

IMF: Trinidad and Tobago’s Economy to Grow 1.5 Percent in 2013

Above: Port of Spain By the Caribbean Journal staff Trinidad and Tobago’s economy is projected to grow by around 1.5 percent in 2013, according to the International Monetary Fund, which concluded an Article IV mission to the country this week. […]

Op-Ed: Jamaica and Wall Street

By David Rowe Op-Ed Contributor THE FACT THAT Barbados’ government bonds have been downgraded to junk status was not a good development for the reputation of the Commonwealth Caribbean in international financial markets. Both Moody’s and Standard and Poors now […]

Op-Ed: The Pulse of Jamaica’s Poor

By Ramesh Sujanani Op-Ed Contributor A recent headline in Jamaica called for the resignation of the country’s Education Minister if he disagreed with the imposition of the general consumption tax on basic foods. I had to clean my spectacles and […]

Op-Ed: The Bahamian Election and the Importance of Small Business

By Mark A Turnquest Op-Ed Contributor Small and Medium Sized Enterprise (SME) owners must carefully review all political parties’ platforms for the upcoming May 7, 2012 general election in the Bahamas. SME owners must determine which political party best articulates […]

Interview with Francis Fonseca, Candidate for Prime Minister of Belize

By Alexander Britell BELIZEANS HEAD TO THE POLLS Wednesday to choose their next government — deciding between Prime Minister Dean Barrow’s ruling United Democratic Party and the Opposition People’s United Party, led by Francis Fonseca, which is looking to return […]

Durandis: Haiti’s Climate of Opinion

By Ilio Durandis CJ Contributor Reading Milton Friedman’s book, Free to Choose, the concept of a “climate of opinion” as a tool to help shape policies could be just what the doctor ordered for the upcoming year for Haiti. Friedman […]

The Latest Baha Mar Update

What’s next for troubled megaresort By the Caribbean Journal staff The Baha Mar saga has taken a major step forward with the appointment of a provisional liquidator by the Supreme Court of the Bahamas. The ruling by the court means […]

Puerto Rico Governor Approves New Issue of General Obligation Bonds

Above: San Juan (CJ Photo) By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla has signed legislation authorizing the issuance of new general obligation bonds. The bonds will be used to “refinance outstanding lines of credit and meet […]

Op-Ed: Only Small Business Can Save the Bahamian Economy

By Mark A Turnquest Op-Ed Contributor National policymakers in the Bahamas have focused on top-down economic strategies to improve the tourism, financial services and construction industries for almost 40 years. However, after all is said and done, the Bahamas, as […]

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 Maintains Negative Outlook on Jamaica, Citing Debt, Low Growth

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 […]

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 […]

Op-Ed: Treason in Trinidad?

By David P Rowe Op-Ed Contributor Trinidad has once again discovered a major conspiracy aimed at the overthrow of the constitutionally-elected Government. The twin island nation seems engulfed with the suppression of a major anti-government conspiracy. This stunning announcement was […]

The Caribbean’s Most Exciting New Rooftop Bar Is In Antigua