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Tag Archives: economics

Standard & Poor’s unimpressed with Barbados’ finances

14-Nov-09

Good to see you again. Glad you enjoy the Limes.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 [...]

“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 [...]

Some good-ish macroeconomic news for T&T

14-Sep-09

My day job has kept me so busy I haven’t yet had time to read beyond the headlines of the latest budget, but it seems that whatever Karen Nunez-Tesheira put together pleased Standard & Poor’s. Although the devil, as ever, is in the details. The rating agency issued the following statement on Monday (any emphasis [...]

Standard & Poor’s downgrades Sagicor Life Inc

28-Jul-09

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 [...]

First world habits, third world country

17-Apr-08

In ten days I will be moving back to Trinidad for at least three months, and probably quite a lot longer. I am totally unprepared. First, the basics. I won’t have an apartment of my own (and will be living with one parent or another, which is a regression on all sorts of levels). I [...]

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