This report supplements our research update "Barbados 'B/B' Ratings Affirmed; Outlook Remains Negative," published on Sept. 14, 2015. 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. Large fiscal deficits, a high debt burden that continues to rise, and narrower financing options constrain Standard&Poor's Ratings Services' ratings on Barbados. Financing the government deficit continues to rely on official and central bank funding given a reduced appetite in both local and external capital markets. The government did, however, issue a small amount of savings bonds in the local market in June
