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Tag Archives: S&P

S&P downgrades Barbados

10-Jun-09

More bad news for Caribbean economies – rating agency Standard & Poor’s on Wednesday downgraded the foreign currency rating of Barbados to BBB from BBB+. From the S&P statement, highlighting mine: Barbados Foreign Currency Credit Rating Lowered To ‘BBB’ From ‘BBB+’; Outlook Stable – The global economic crisis has pressured Barbados’ economic and fiscal performance [...]

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CL Financial bailout threatens T&T’s credit rating

03-Feb-09

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 [...]

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