Another Credit Downgrade for Barbados

For the second time since the May 24 general election, international rating agency Standard & Poor’s (S&P) has hit Barbados with a credit downgrade.

Yesterday it lowered the issue-level ratings on this country’s global bonds to Default (D), and the local currency rating from CC to Selective Default (SD).

Read more: http://www.caribbean360.com/business/another-credit-downgrade-for-barbados#ixzz5NigFAJz1