RATING ACTION:
On December 7, 2022, CariCRIS reaffirmed the Issuer/Sovereign Credit ratings of CariBB (Local Currency) and CariBB- (Foreign Currency) on its regional rating scale assigned to the Government of Barbados (GOB). The outlook was revised to Positive.
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the ratings and/or outlook include:
- A decrease in the total public sector debt to below 120% of GDP
- A fiscal balance better than -1% of GDP over the next 12 months
Factors that could, individually or collectively, lead to a lowering of the ratings and/or outlook include:
- Import cover below 12 weeks with no likely sources to increase reserves
- Delays in the construction of tourism-related investment projects scheduled for completion in 2023
- Derailment in any material way of the BERT 2022 plan
Analysts’ Contact Info:
Stefan Fortuné
Phone: 1-868-799-6751 (m)
Maxwell Gooding
Phone: 1-868-627-8879