-- The global economic crisis has pressured Barbados' economic and fiscal performance and had a negative spillover effect on its sovereign debt trends. -- We are lowering our long-term foreign currency sovereign credit rating on Barbados to 'BBB' from 'BBB+'. -- We expect the combination of prudent policymaking and strong, cohesive social policies will help Barbados through difficult economic times ahead, in line with its 'BBB' rated peers. NEW YORK (Standard&Poor's) June 10, 2009--Standard&Poor's Ratings Services said today that it lowered its long-term foreign currency sovereign credit rating on Barbados to 'BBB' from 'BBB+'. At the same time, we lowered our long-term local currency rating on Barbados to 'BBB+' from 'A-', and the foreign currency short-term
