Standard & Poor’s maintains its rating for Barbados

Following the downgrade to CCC+/C in March, the ratings agency suggested that it would revise its outlook if positive results were seen.

After the Government’s presentation of the budget in May, S&P announced that it would maintain its position on the current rating of Barbados.

S&P highlighted the same concerns it had back in march, specifically: dwindling foreign exchange reserves, high fiscal deficit, and limited access to private sector funding in the local market as well as declining prospects for external funding.

Link: https://www.barbadostoday.bb/2017/06/27/sp-maintains-its-position-in-light-of-recent-budget/

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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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