Although Barbados’ economy remains “weak”, Standard & Poor’s (S&P), the giant Wall Street credit rating firm, is sticking to its own projection that it will grow by two per cent this year.
Just as important, the second-quarter Central Bank of Barbados report has seemingly convinced S&P to keep the credit rating at BBB-minus with a stable outlook, and not to follow Moody’s Investor’s Service which recently downgraded the rating to one notch above junk bond status.
That indication came from Olga Kalinina, S&P’s director of sovereign ratings, who told the SUNDAY SUN in an exclusive interview that although the bank’s report sent some mixed signals “we are maintaining the triple B-minus with a stable outlook”.
She said this was a reflection of the strength Barbados continued to maintain when it came to political stability and governance, two things that definitely support the ongoing policy efforts to address the economic challenges. (TB)
Full story in today’s SUNDAY SUN.
