Research Update: Barbados Issue-Level Ratings Lowered To 'D' From 'CC' On Anticipated Completion Of Debt Exchange - S&P Global Ratings’ Credit Research

Research Update: Barbados Issue-Level Ratings Lowered To 'D' From 'CC' On Anticipated Completion Of Debt Exchange

Research Update: Barbados Issue-Level Ratings Lowered To 'D' From 'CC' On Anticipated Completion Of Debt Exchange - S&P Global Ratings’ Credit Research
Research Update: Barbados Issue-Level Ratings Lowered To 'D' From 'CC' On Anticipated Completion Of Debt Exchange
Published Oct 17, 2018
7 pages (2412 words) — Published Oct 17, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The Barbados government has announced nearly full acceptance of its local currency debt exchange offer and confirmed that it will issue the new debt by the end of the month. We are lowering affected issue-level ratings on all Barbados' rated local currency debt to 'D' (default) from 'CC'. We are also affirming our 'SD' long- and short-term foreign and local currency sovereign ratings on the country, and our 'D' issue-level ratings on Barbados' foreign currency issues. On Oct. 17, 2018, S&P Global Ratings lowered its issue-level ratings on Barbados' local currency issues outstanding to 'D' (default) from 'CC'. At the same time, S&P Global Ratings affirmed its 'SD/SD' (selective default) long- and short-term foreign and local currency sovereign credit ratings

  
Brief Excerpt:

...+ The Barbados government has announced nearly full acceptance of its local currency debt exchange offer and confirmed that it will issue the new debt by the end of the month. + We are lowering affected issue-level ratings on all Barbados' rated local currency debt to 'D' (default) from '##'. + We are also affirming our '##' long- and short-term foreign and local currency sovereign ratings on the country, and our 'D' issue-level ratings on Barbados' foreign currency issues....

  
Report Type:

Research Update

Ticker
5824Z
Issuer
Barbados
Sector
Global Issuers
Country
Barbados
Region
Latin America
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Barbados Issue-Level Ratings Lowered To 'D' From 'CC' On Anticipated Completion Of Debt Exchange" Oct 17, 2018. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Barbados-Issue-Level-Ratings-Lowered-To-D-From-CC-On-Anticipated-Completion-Of-Debt-Exchange-2115488>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Barbados Issue-Level Ratings Lowered To 'D' From 'CC' On Anticipated Completion Of Debt Exchange Oct 17, 2018. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Barbados-Issue-Level-Ratings-Lowered-To-D-From-CC-On-Anticipated-Completion-Of-Debt-Exchange-2115488>
  
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