RATING ACTION:
On June 15, 2023, CariCRIS reaffirmed the ratings for a US $25 million debt issue of the Government of the Commonwealth of Dominica (GOCD) of CariBB (Foreign and Local Currency Rating) on the regional scale. A stable outlook was assigned.
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the ratings and /or outlook include:
Factors that could, individually or collectively, lead to an improvement in the ratings and /or outlook include:
- Growth in real economic activity of 6% or more, sustained for at least 2 years
- A fiscal surplus of more than 5% recorded for 2 consecutive fiscal periods
Factors that could, individually or collectively, lead to a lowering of the ratings/or outlook include:
- Debt/GDP ratio exceeding 100% for another 2 years
- Economic and social disruption caused by natural disasters
- Material reduction in grants and multilateral funding
Analysts’ Contact Info:
Stefan Fortuné
Mobile : 1-868-799-6751
Kyla Balwant
Tel :1-868-627-8879
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