Thursday, July 19, 2012

New S&P rating mystifies Central Bank - Business - Jamaica Gleaner - Thursday | July 19, 2012

New S&P rating mystifies Central Bank - Business - Jamaica Gleaner - Thursday | July 19, 2012: "Governor of the Central Bank of Barbados, Dr Delisle Worrell, said he is puzzled at the decision of the US-based rating agency Standard & Poor's (S&P) to lower the island's long-term foreign and local currency sovereign credit ratings to 'BB+' from 'BBB-'.

"The downgrade reflects our opinion that Barbados' economic fundamentals continue to weaken," said S&P credit analyst Olga Kalinina."

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