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Category Archives: Business & Finance

Virgin Atlantic’s patronising ‘help the Caribbean’ campaign

09-Feb-10

Good to see you again. Glad you enjoy the Limes.Hats off to Virgin Atlantic and the Travel Foundation for rendering me completely speechless: The Travel Foundation cares for the people and places we all love to visit. Sustainable tourism can help protect traditions, culture and the natural environment – the things that make your holiday [...]

S&P: Jamaica Rating Revised To ‘SD’ Due To Domestic Debt Exchange Program

14-Jan-10

A not unexpected move from Standard & Poor’s, which has been deeply negative on Jamaica for some time now. Rival rating agency Fitch issued a similar downgrade, cutting the island’s local currency rating to ‘C’ from ‘CCC” on Thursday. It’s not all bad news though – the debt exchange that triggered the rating actions will [...]

Standard & Poor’s downgrades the Bahamas

23-Dec-09

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 medium-term growth prospects are subdued because of the dependence [...]

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 [...]

Standard & Poor’s unimpressed with Barbados’ finances

14-Nov-09

Rating agency Standard & Poor’s continued its focus on the Caribbean with a note on Barbados’ public finances. Below in full, highlighting mine: Barbados Outlook Revised To Negative On Deteriorating Public Finances; ‘BBB’ And ‘A-3′ Foreign Currency Ratings Affirmed – We believe the timeliness and magnitude of Barbados’ fiscal consolidation is uncertain because of a [...]

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This work by The Liming House is licensed under a Attribution-NonCommercial-NoDerivs 3.0.