Standard & Poor’s (S & P) have revised the outlook on The Bahamas BBB rating from stable to negative.
In the latest report from the S & P, the ratings agency issued a warning that a downgrade could occur if the Perry Christie administration fails to craft a medium-term fiscal plan to reign in the country's debt.
A Bahamas government official did not dispute the findings of the report. He said that the new administration had inherited a “deteriorating fiscal situation where the
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