S&P upgrades Barbados

S&P upgrades Barbados

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Politics Barbados Caribbean

S&P Global Ratings said it has upgraded Barbados' local currency ratings to B- with a stable outlook now that the government has started to cut spending and renegotiate debt. "Barbados' new administration has completed its local currency debt exchange, initiated an economic recovery plan and received approval from multilateral lending institutions for new sources of financing," S&P said in a report. The rating agency dropped Barbados to selective default in August after the government fa

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