S&P affirms Bahamas’ B+ credit rating with stable outlook

NASSAU, BAHAMAS — Credit ratings agency Standard & Poor’s (S&P) has affirmed this nation’s ‘B+’ sovereign credit rating with a stable outlook, noting that the Bahamian economy has seen meaningful improvement over the past 12-18 months due to the tourism sector’s performance. The ratings agency noted that the Bahamian economy is recovering after two successive […]

ANOTHER DOWNGRADE: Halkitis says govt understands need to urgently address debt as S&P drops credit rating

Economic affairs minister says govt already taking steps to address S&P’s concerns Credit ratings agency does “not anticipate meaningful new revenue” in short-term for The Bahamas NASSAU, BAHAMAS — The Davis administration understands the need to urgently address this nation’s level of indebtedness, according to Economic Affairs Minister Michael Halkitis. He noted that the government […]