FINDING AN URGENT growth strategy and reducing Government spending have been identified as key to improving Barbados’ plunging credit rating.
The advice has come from Leah Clarke, owner of Eden Consulting Services and a former corporate analyst with Moody’s Investors Service.
The consultant said the country’s credit rating was still salvageable despite being dangerously low.
Explaining that the current Caa3 rating and stable outlook assigned by the New York-based international ratings firm sent a message to investors and debt holders that the country had a high probability of defaulting, she made it clear that all was not lost. (GE)
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