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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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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