Barbados has strengthened its economic policy governance, bolstering its economic resilience and creditworthiness. There has been a material reduction in the debt burden and fiscal balances have improved since the country restructured its debt more than five years ago. Therefore, S&P Global Ratings raised its long-term local and foreign currency sovereign credit ratings on Barbados to 'B+' from 'B' and affirmed its 'B' short-term ratings. The stable outlook reflects our expectation that the government will continue to implement policies that support balanced economic growth and strengthen public finances. On Oct. 24, 2025, S&P Global Ratings raised its long-term local and foreign currency sovereign credit ratings on Barbados to 'B+' from 'B' and affirmed its 'B' short-term ratings. The transfer and
