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Category Archives: Business & Finance

‘Several “skeletons in the closet” inherited from the PNM administration are likely to show up…’

21-Dec-10

The below is from a report by Nomura Global Economics. Always interesting to see how informed, interested ‘outsiders’ view the economics and politics of TTO. Trinidad and Tobago: Challenges Ahead The government has announced an external bond issuance for Q1 2011. We think it’s an appropriate time to review the main credit issues in Trinidad [...]

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Virgin Atlantic’s patronising ‘help the Caribbean’ campaign

09-Feb-10

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 special. It can also improve the lives of the [...]

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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 [...]

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