Barbados has received yet another downgrade from Moody’s Investors Service.
Moody’s Investors Service has downgraded the Barbados government bond rating from Ba1 to Ba3, citing poor economic growth and rising fiscal deficits.
Moody’s also pointed to the rising costs of funding and the increasing reliance on short-term funding, citing the island-nation's “continued anemic economic performance”; a decline in the government’s financial strength, due to persistently large
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