Moody’s downgrades Barbados’ bond and issuer ratings

Moody’s downgrades Barbados’ ratings to Caa3 from Caa1 and maintained a stable outlook. The downgrade comes as a result of increases in government debt with limited prospects of fiscal reform as well as  foreign exchange reserve pressures.

Link: http://www.nationnews.com/nationnews/news/94379/moodys                    

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