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 [...]
S&P, which said today it was considering downgrading T&T’s sovereign credit rating, is also scrutinising the ratings of both First Citizens Bank and Republic Bank due to the fallout from the CL Financial bailout. Here are the statements, any emphasis/explanations mine: S&P: First Citizens Bank Ltd. ‘BBB+/A-2′ Rating Put On CreditWatch Negative ["CreditWatch Negative" means [...]
