standard and poor’s

Royal Caribbean Joining S&P 500

S&P Raises Caribbean Development Bank Outlook to “Stable”

Above: the Caribbean Development Bank’s headquarters By the Caribbean Journal staff Ratings firm Standard & Poor’s has raised its outlook on the Caribbean Development Bank to stable from negative. The revision came as the New York-based firm affirmed the bank’s …

Moody’s Follows S&P, Downgrades Puerto Rico to Junk Status

Above: San Juan (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the general obligation of the Commonwealth of Puerto Rico to Ba2, or “junk” status, the New York-based firm announced Friday. The move follows a similar …

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 …

Puerto Rico Governor Meets With Rating Agencies in New York

Above: Alejandro Garcia Padilla By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla has concluded a trip to New York City. The Governor was in New York to meet with representatives of ratings agencies Fitch and Standard & …

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+” …

S&P Raises Curacao Outlook to Stable

Above: Curacao By the Caribbean Journal staff Standard & Poor’s has affirmed its ratings on the government of Curacao and raised the island’s outlook to stable from negative, the New York-based ratings agency announced. Curacao’s government has “A-” and “A-2” …

S&P Downgrades Grenada Credit Rating

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign and local currency sovereign credit ratings on Grenada to “SD” from “CCC+/C,” citing the announcement that the country would not pay its coupon due …

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 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 …

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 …

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 Lowers Grenada Foreign Currency Ratings After Missed Bond Payment

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign currency sovereign credit ratings on Grenada following a missed bond payment, the ratings firm announced Monday. S&P has lowered its foreign currency sovereign credit …

S&P Affirms Montserrat Credit Rating; Outlook Remains “Stable”

By the Caribbean Journal staff Standard & Poor’s this week affirmed Montserrat’s “BBB-/A-3” sovereign issuer credit rating, while also affirming its “BBB-” transfer and convertibility assessment. Monterrat’s outlook remains “stable,” according to the ratings firm. The rating reflected “the UK’s …

S&P Lowers Bahamas’ Outlook to Negative, Points to Weakening Fiscal Profile

Above: downtown Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has revised the outlook on its long-term rating on the Bahamas to negative from stable, the ratings firm announced Monday. The revision reflected the firm’s view that …

S&P: Grenada’s Outlook Stable, Economy Recovering “Modestly”

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s economic outlook remains “stable,” according to ratings firm Standard & Poor’s, which affirmed its “B-” long-term foreign and local currency ratings on the country Tuesday. S&P also raised its short-term …

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 …

S&P Lowers Bahamas Sovereign Rating

By the Caribbean Journal staff Standard & Poor’s today lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, calling the country’s outlook “stable.” The ratings agency cited economic vulnerabilities given a dependence on tourism and on the US market, …