|
|
 |
|
Viewing report
|
|
|
|
Barbados Jun 11
Standard & Poors, June 2011
Abstract
Political stability and strong governance, reflecting mature political, judicial, and economic institutions. Track record of proactive policy responses to previous economic crises and tripartite support for the government's current adjustment program. Large surpluses at the National Insurance Scheme, providing flexibility to fiscal accounts. Fiscal deficits that are large and unsustainable in the medium term, leading to a rising debt burden that is significantly higher than that of most 'BBB' rated peers. A small, open economy with high dependence on the U.S. and the U.K. Barbados is slowly recovering from the severe impact that the global financial crisis had on the country's narrow and open economy. After contracting in 2008 and 2009, the real economy rebounded slightly (by 0.3%) in 2010....
Companies mentioned in this report are: Barbados
Action: Review
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: Full Analysis
|
|
|
|
