The Bahamas spared downgrade, now higher rated than Trinidad & Tobago
Friday, August 25 2017 @ 05:25 PM AST
Contributed by: AleemKhan
The much smaller economy of The Bahamas, analysts believed, was due for a downgrade itself. Historically, the tourism-dependent chain of islands were always lower-rated than Trinidad and Tobago.
However, following a now-concluded review for downgrade, The Bahamas was able to maintain its Baa3 investment grade rating, making it the new highest-rated sovereign in the Caribbean.
For more, visit: https://www.moodys.com/research/Moody...05EA60077C
The British territories of the Cayman Islands and Bermuda remain A-rated because of anticipated extraordinary support from the UK. However, they were never considered peers of T&T and The Bahamas by the rating agencies.