[Caribbean] Region’s sovereigns all rated as junk

Please... keep it civil!!! No swearing or name-calling (at each other). And we already know what most politicians are...
User avatar
bimjim
Forum Administrator
Forum Administrator
Posts: 30891
Joined: Fri May 12, 2006

[Caribbean] Region’s sovereigns all rated as junk

Unread post by bimjim » Sun Jun 25, 2017

http://www.nationnews.com/nationnews/ne ... rated-junk

[Caribbean] Region’s sovereigns all rated as junk
ALBERT BRANDFORD
25 June 2017

A RECENT DOWNGRADE by Moody’s of oil-rich Trinidad and Tobago’s sovereign credit rating to non-investment/speculative grade, or “junk” status, now means there are no remaining investment grade sovereigns in the Caribbean.

The downgrade from Baa3 – the lowest level of the investment grade table – to Ba1 at the high end of the speculative grade by the New York-based Moody’s Investors Service in late April, came four days after Standard Poor’s had also downgraded the twin-island republic, replacing its “A-“ rating with a “BBB+”.

Trinidad and Tobago has therefore joined countries such as Barbados, The Bahamas, Jamaica, Suriname, the Dominican Republic, Cuba and Guyana (which is not rated) among the ranks of the non-investment/speculative grade.

“This means that there are no longer any investment grade sovereigns in the Caribbean,” reported group economist for RBC Caribbean, Marla Dukharan. “All the remaining investment grade sovereigns in the Caribbean are non-sovereigns.

Post Reply

Return to “Politics”