Barbados' net general government debt burden is expected to rise to above 70% of GDP in fiscal 2013 from 67% in fiscal 2012 and 60% in fiscal 2011. Barbados has fallen back into recession after a very weak recovery in 2010-2012, with average annual real GDP growth of just 0.4% in those years (slightly negative on a per capita basis). We are revising the outlook on our long-term rating on Barbados to negative from stable. We are affirming our 'BB+/B' sovereign credit ratings on Barbados. We could downgrade Barbados if the wider fiscal deficit is not reversed or if external pressures, associated with persistent current account deficits, mount. On July 18, 2013, Standard&Poor's Ratings Services revised its outlook
