I tend to bang on about these rating agency downgrades, but they are important. For those of you not familiar with these companies, their essence can be distilled thus: ratings agencies are arbiters of creditworthiness. In other words, agencies like Moody’s, Standard & Poor’s and Fitch bestow upon companies and countries grades that indicate the … Continue reading Standard & Poor’s downgrades Sagicor Life Inc
From credit rating agency Standard & Poor’s on Tuesday (emphasis and in-line explanations mine): NEW YORK, Feb. 3, 2009–Standard & Poor’s Ratings Services said today that it placed its ‘A/A-1’ foreign-currency and ‘A+/A-1’ local-currency sovereign credit ratings on the Republic of Trinidad and Tobago on CreditWatch with negative implications. [Credit watch with negative implications means … Continue reading CL Financial bailout threatens T&T’s credit rating
Finally watched The Bank Job, the plot of which depends heavily upon the activities of one Michael de Freitas, better known as Michael X – black power activist, pimp, and murderer. Michael X was born and bred in Trinidad, a fact which the film continually acknowledges. Am thus extremely irritated by the thick Jamaican accent … Continue reading On the Bank Job and colonial contempt, briefly
