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Bahamas Suffers S&P Chop

Dec 24, 2009

S&P has downgraded The Bahamas to BBB+ (stable) from A minus to reflect a weakened fiscal profile. "Its debt and deficits have increased, and the composition of its debt has weakened somewhat,” says S&P analyst Lisa Schineller. “In addition, following three years of economic contraction, The Bahamas'...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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