This report supplements our research update "Barbados Long-Term Rating Lowered To 'BB-' From 'BB+'; Outlook Negative," published on Nov. 20, 2013. To provide the most current information, we may cite more recent data than that stated in the previous publication. These differences have been determined not to be sufficiently significant to affect the rating and our main conclusions. Our ratings on the sovereign of Barbados reflect its large fiscal deficits and high debt burden, as well as its limited fiscal flexibility and reliance on external financing. However, the country has a stable, predictable, and mature political system, which benefits from consensus on major economic and social issues, including support from the private sector and trade unions for the government's ongoing
