Barbados' economy is slowly recovering from the global financial crisis, and we expect real GDP growth of 2% this year. Fiscal measures passed in December 2010, together with constrained expenditures, are helping to stabilize the fiscal accounts. The general government deficit narrowed to 5.6% of GDP in 2010, and we project it will decline further, to 4.6% of GDP, in 2011. We are affirming our 'BBB-/A-3' local- and foreign-currency ratings on Barbados. The outlook remains stable, reflecting our expectation that the economic rebound will continue and that the external accounts will remain stable. NEW YORK (Standard&Poor's) May 3, 2011--Standard&Poor's Ratings Services today said it affirmed its 'BBB-/A-3' local- and foreign-currency sovereign credit ratings on Barbados. The
