Standard & Poor’s (S&P) rocked Barbados yesterday with a downgrade to ‘BB+/B’ that knocked the island out of the select group of investment grade countries.
However, Governor of the Central Bank of Barbados Dr DeLisle Worrell hit back, slamming the downgrade by the New York-based international rating agency as “unjustified” and lacking in “logic”.
In a hastily-called Press conference at the Central Bank in Bridgetown, Worrell contended: “You downgrade people for things they do or have not done, not for things that happened to them. That is the only answer I can give.”
