Grenada Prime Minister Tillman Thomas
Standard & Poor’s (S & P) has lowered its foreign currency sovereign credit ratings on Grenada following a missed bond payment, the ratings firm announced Monday.
S&P has lowered its foreign currency sovereign credit ratings to “SD,” or selective default, from “B-/B,” while also lowering its local currency sovereign credit ratings to “CCC+/C” from “B-/B.” Its outlook on long-term local currency ratings of Grenadais
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