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.
Shooting Victim Charged With Murdering Man At Swinger’s Bar
Pope Francis’ Body Lies In State For Public Mourning
A Magnitude 6.2 Quake Shakes Istanbul
Chinese Envoy Slams Us For Negative Role In Haiti’s Crisis
Chile Faces Lowest Birth Rate In Latin America
Sentencing Delayed For Man Who Indecently Assaulted Cashier
-
Court1 day agoEx-Con Handed 1-year Jail Sentence For Forged Police Record
-
Court1 day agoSecond Suspect Charged With Deadly February 7th Shooting
-
Court6 hours agoShooting Victim Charged With Murdering Man At Swinger’s Bar
-
Court7 hours agoSentencing Delayed For Man Who Indecently Assaulted Cashier
-
International1 day agoU.S. Measles Infections Hit 800 Cases Across 24 States
-
International1 day agoGeneral Congregation Of Catholic Cardinals Begins Tuesday
-
International6 hours agoPope Francis’ Body Lies In State For Public Mourning
-
International6 hours agoChinese Envoy Slams Us For Negative Role In Haiti’s Crisis