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Friday, December 21

Moody's downgrades Barbados rating to junk, warns more cuts possible

English: World countries by Standard & Poor's ...
English: World countries by Standard & Poor's Foreign Rating. Legend: Green - AAA Turquoise - AA Lighter blue - A Darker blue - BBB Purple - BB Red - B : Grey - not rated, (Photo credit: Wikipedia)
 Reuters: "Dec 20 (Reuters) - Moody's Investors Service on Thursday downgraded Barbados' credit rating to Ba1, into junk territory, citing the Caribbean country's lukewarm economy and rising government debt levels.

The rating also carries a negative outlook, with the agency saying that the country's economic prospects remain weak."

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