The Caribbean Development Bank (CDB) “will spare no effort” to ensure that the way it does business will not put it in line for any more Standard and Poor’s or Moody’s downgrades.
This was the pledge made by CDB president Dr Warren Smith in a media release issued in the face of regional criticism over the credit rating downgrades meted out to the bank by the two influential United States-based ratings agencies within less than a month.
(More: Standard & Poor’s downgrades the
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