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Monthly Archives: December 2009

Standard & Poor’s downgrades the Bahamas

23-Dec-09

Good to see you again. Glad you enjoy the Limes.Long-Term Ratings On The Commonwealth of the Bahamas Lowered To ‘BBB+’; Outlook Stable The Bahamas’ fiscal position has deteriorated, as the government has increased spending while its narrow revenue base has declined amid economic recession. This has led to a rise in general government debt, and [...]

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First Citizens Bank wins at the The Banker Awards 2009

07-Dec-09

T&T’s FCB won a country award at The Banker’s 2009 ceremony (link). First Citizens Bank Last year, Trinidad and Tobago was significantly affected by the meltdown of the largest conglomerate in the Caribbean, the CL Financial Group. This affected the whole of the local financial system and economy, and had a knock-on effect on First [...]

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