Moody’s Investors Service - a major international credit rating agency has revealed that three bond restructurings in the Caribbean this year, totaling about US$9.7 billion, have still failed to ignite economic growth and may not help the region avoid more defaults.
According to Moody’s, the bond swaps this year did not go far enough to fixing the Caribbean’s “unsustainable” mix of debt and deficits.
It said, among Caribbean island-nation economies, only The Bahamas is
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