S&P Cuts Aruba, Positive on Curacao

S&P Cuts Aruba, Positive on Curacao

Caribbean Corporate & Sovereign Strategy

S&P has cut Aruba to BBB+ from A minus, it says. "The downgrade reflects deteriorating fiscal and external balance sheets," S&P says. The agency points to rising debt and fiscal deficits likely at 4%-5% in the next few years. Gross debt is at 60% of

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