OVERVIEW The ratings on Barbados reflect its large fiscal deficits and high debt burden, as well as its limited fiscal flexibility and a decade of weak economic growth. Barbados' stable, predictable, and mature political system, which benefits from consensus on major economic and social issues, including support from the private sector and trade unions, partly counters these weaknesses. We are affirming our 'BB-/B' sovereign credit ratings on Barbados. The negative outlook reflects the potential for a downgrade if the government fails to meet its fiscal adjustment targets or if there are signs the economy may fail to grow next year. RATING ACTION On Aug. 8, 2014, Standard&Poor's Ratings Services affirmed its 'BB-' long-term and 'B' short-term sovereign credit
