The ratings agency, Standard & Poor’s (S&P) has revised downwards the long-term rating for Barbados - the second downgrade in four months.
Late Wednesday, the credit rating agency announced that it had moved the island-nation’s rating from BB+ to BB- in response to a persistent current account deficit and a high fiscal deficit.
“The downgrade reflects the mounting external pressures associated with a persistent current account deficit and external financing challenges, as well
No comments:
Post a Comment