Barbados has bolstered its governance and financial resources over the past five years, improving the country’s resilience to shocks. Although we believe Barbados faces headwinds from external shocks, that could lead to higher inflation and lower growth, it is entering this period with stronger institutions and finances. Therefore, S&P Global Ratings affirmed its'B+'long-term local and foreign currency sovereign credit ratings and its'B'short-term ratings on Barbados. 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. 27, 2026, S&P Global Ratings affirmed its'B+'long-term local and foreign currency sovereign credit ratings on Barbados and its'B'short-term ratings. The transfer and
