http://www.antillean.org/2009/05/15/moodys-puts-barbados-ratings-on-watch-for-possible-downgrade/ Socially responsible news and commentary from the Caribbean region and the wider Americas Mon, 17 May 2010 12:20:49 +0000 http://wordpress.org/?v=abc hourly 1 http://www.antillean.org/2009/05/15/moodys-puts-barbados-ratings-on-watch-for-possible-downgrade/comment-page-1/#comment-1653  Moody’s Puts Barbados Ratings On Watch For Possible Downgrade from Texas, United States Fri, 15 May 2009 08:01:09 +0000 http://blog.bajandream.org/?p=2505#comment-1653 [...] News Sources wrote an interesting post today onHere’s a quick excerptMoody’s Investors Service is reviewing its credit ratings on Barbados’ foreign- and local-currency bonds for possible downgrade amid mounting government debt, predicting the Caribbean island’s ability to cover its debt will worsen in coming years. The nation’s local-currency rating is A3, four notches above junk territory, while its foreign-currency rating is Baa2, two notches above junk. Tourism is critical to the country, making up 16% of its economic activity, according to the World Trave [...] [...] News Sources wrote an interesting post today onHere’s a quick excerptMoody’s Investors Service is reviewing its credit ratings on Barbados’ foreign- and local-currency bonds for possible downgrade amid mounting government debt, predicting the Caribbean island’s ability to cover its debt will worsen in coming years. The nation’s local-currency rating is A3, four notches above junk territory, while its foreign-currency rating is Baa2, two notches above junk. Tourism is critical to the country, making up 16% of its economic activity, according to the World Trave [...]

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