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Tag Archives: business

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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“Jamaica may already have passed the point of no return”

17-Sep-09

Just one month after rating agency Standard & Poor’s released a downbeat assessment of the outlook for Jamaica comes an equally – if not more – negative take from Barclays Capital Research. The research note issued today by a New York-based BarCap analyst is unequivocal: we believe that Jamaica is approaching the point of no [...]

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S&P’s move on Jamaica suggests there’s pain ahead

06-Aug-09

This is bad. S&P had previously assigned a rating of B- to Jamaica. In financial parlance, a B- rating sovereign rating suggests that the country is perceived as “high risk” by would-be lenders; in a word, “junk”. By downgrading Jamaica to triple-C, S&P is saying the island is ” currently vulnerable and dependent on favorable [...]

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