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Barbados 'BBB-/A-3' Ratings 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
Barbados' economy is slowly recovering from the global financial crisis, and we expect real GDP growth of 2% this year. Fiscal measures passed in December 2010, together with constrained expenditures, are helping to stabilize the fiscal accounts. The general government deficit narrowed to 5.6% of GDP in 2010, and we project it will decline further, to 4.6% of GDP, in 2011. We are affirming our 'BBB-/A-3' local- and foreign-currency ratings on Barbados. The outlook remains stable, reflecting our expectation that the economic rebound will continue and that the external accounts will remain stable. NEW YORK (Standard & Poor's) May 3, 2011--Standard & Poor's Ratings Services today said it affirmed its 'BBB-/A-3' local- and foreign-currency sovereign credit ratings on Barbados. The...
Companies mentioned in this report are: Barbados
Action: Affirmed
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