RATING ACTION:
On December 5, 2024, CariCRIS upgraded the sovereign/issuer credit ratings assigned to the Government of Barbados (GOB) by one-notch to CariBBB (Foreign and Local Currency) on its regional rating 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:
- A decrease in the total public sector debt to below 85% of GDP
- A fiscal balance better than 3% 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 2025
- Derailment in any material way of the BERT 2022 plan
Analysts’ Contact Info:
Stefan Fortuné
Phone: 1-868-799-6751 (m)
[email protected]
Carla Ash
Phone : 1-868-713-6794 (m)
[email protected]
www.caricris.com
[email protected]
Disclaimer: CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable. However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. No part of this report may be published / reproduced in any form without CariCRIS’ prior written approval. CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this product.