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 e...

Telecom Places Private Bond Facility

Caribbean Barbados Bonds

Columbus International has sold $82m in new 2017 bonds, under a senior notes facility that allows it to borrow up to $143m more on the same terms. The 9.5% bonds were pla...

S&P Revises Barbados’s Outlook to Negative

Barbados Corporate & Sovereign Strategy

S&P has revised Barbados’s outlook to negative from stable, while also affirming its BBB minus foreign currency rating. Large fiscal deficits and rising debt burdens thre...

Slow Recovery

Caribbean Jamaica Trinidad & Tobago

Most of the Caribbean is waiting for developed markets’ economies to improve, but high oil prices threaten the tourism-dependent and highly indebted region.

Barbados Gets IDB Loans

Barbados M&A Loans

The IDB has approved 2 loans for Barbados, one for $30m and another for $10m. The 2 loans will be used to support sustainable energy technology acquisition and to enhance...

Republic Seeks Bigger Barbados Stake

Caribbean Trinidad & Tobago Barbados

Continuing its Caribbean expansion, Republic Bank plans to buy the 35% stake it does not already own in Barbados National Bank. Trinidad & Tobago-based Republic aims to h...

S&P Chops Barbados Rating

Caribbean Barbados Bonds

S&P has cut the ratings of Barbados to BBB minus from BBB. The ratings agency believes the sovereign's debt burden will increase in the next 2 years because of delays in ...