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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