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'BBB+/A-2' Rating On The Commonwealth of The Bahamas Affirmed; Outlook Remains Stable
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
Although there has yet to be a decisive upturn in The Bahamas's economy, we expect some strengthening this year with the revival of a key tourism investment project and growth of 2% to 2-1/2% over the next several years. The wider fiscal deficits, which were generated during the recession and nascent recovery, are projected to decline slowly over the next several years, with one-off revenues helping offset subdued tax revenues this fiscal year. We have affirmed our 'BBB+/A-2' sovereign credit rating on The Bahamas. The stable outlook reflects a gradual tightening of the government's fiscal stance and generally stable external financing profile. NEW YORK (Standard & Poor's) May 2, 2011--Standard & Poor's Ratings Services said today that it affirmed its...
Companies mentioned in this report are: Bahamas (The Commonwealth of The)
Action: Affirmed
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