Home Credit Ratings and Research S&P Global Ratings’ Credit Research Barbados

Barbados Downgraded To 'B' From 'BB-'; Outlook Negative

Published Dec 19, 2014

7 pages (3160 words) — Published Dec 19, 2014

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Abstract:

OVERVIEW Despite various adjustment efforts on both revenues and expenditures, Barbados' fiscal accounts remain under pressure with ongoing large deficits, a high debt burden that continues to rise, and narrower financing options. GDP growth could turn a corner next year with increased investment in tourism projects, but it is likely to remain low, limiting prospects for revenue growth. We are lowering our long-term sovereign credit ratings on Barbados to 'B' from 'BB-' and affirming our short-term ratings at 'B'. The negative outlook reflects the potential for a downgrade if recent measures fail to gradually stabilize the debt burden, if tourism investment projects fail to support a turnaround in growth, or if external pressures mount. RATING ACTION On Dec. 19, 2014,

Brief Excerpt:

...Key rating factors Institutional and governance effectiveness Neutral Economic structure and growth Weakness External liquidity and international investment position Weakness Fiscal flexibility and performance Weakness Debt burden Weakness Monetary flexibility Weakness WWW.STANDARDANDPOORS.COM/RATINGSXPRESS DECEMBER 19, 2014 4...

Report Type:

Ratings Action

Ticker

5824Z

Issuer

Barbados

Sector

Global Issuers

Country

Barbados

Region

Latin America

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Barbados Downgraded To 'B' From 'BB-'; Outlook Negative" Dec 19, 2014. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Barbados-Downgraded-To-B-From-BB-Outlook-Negative-1376549>

APA:	S&P Global Ratings’ Credit Research. (). Barbados Downgraded To 'B' From 'BB-'; Outlook Negative Dec 19, 2014. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Barbados-Downgraded-To-B-From-BB-Outlook-Negative-1376549>

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