National
Moody’s Downgrade Explained
NASSAU, BAHAMAS – A recent Moody’s report has downgraded The Bahamas’ ratings from BA3 to B1 and changed the outlook from negative to stable.
NASSAU, BAHAMAS – A recent Moody’s report has downgraded The Bahamas’ ratings from BA3 to B1 and changed the outlook from negative to stable.
Essentially, they believe The Bahamas’ ability to borrow money from the international market would be much more difficult.
Unfortunately, the ratings may also limit the institutions the Bahamian government can borrow from.
However, economist Edison Sumner says the Bahamian government has never been in default of any payments which means the country’s history of maintaining and managing credit is good.
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