Ratings Model for Caribbean Flawed: Scotia

Ratings Model for Caribbean Flawed: Scotia

Caribbean

The way in which sovereign risk is assessed for small countries like the Caribbean needs to be revised, according to Pablo Breard, Scotia’s head of international economic research. “I think the whole system for sovereign analytics – and that includes ratings – needs to be changed,” Breard tells LatinFinance. “The [small] size of these economies is one of their major structural vulnerabilities. You can’t apply the same model for debt sustainability for Turkey as you do for Jamaica.” A consequence

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