Barbados Slips from Investment Grade

Barbados Slips from Investment Grade

Barbados Corporate & Sovereign Strategy

S&P has dropped Barbados from investment grade territory, lowering the island nation to BB+ from BBB minus, it says. “The downgrade reflects our opinion that Barbados's economic fundamentals continue to weaken. We believe this weakening stems, in part, from rising competitive challenges and other structural factors that the government can address only in the long term,” the agency says. It points to a rising debt burden, off-budget spending, and outstanding contingent liabilities. “We expect Moo

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