|
New Barbados government faces economic challenges
Real estate news By Caribbean360.com
January 17, 2008
As the Democratic Labour Party takes over the reins of government in Barbados following Tuesday's election victory, credit rating firm, Standard & Poor's has suggested that while fiscal restraint could improve the country's creditworthiness, these policies will be difficult for the new government to manage as the Barbadian economy slows.
The Wall Street firm made that suggestion in a review of the key challenges facing Barbados which currently has a BBB+ long-term foreign currency sovereign credit rating.
Standard & Poor's credit analyst Richard Francis said Barbados has one of the best ratings in the Caribbean, due in large measure, to prudent economic policies pursued by previous Barbados Labour Party administration - policies he suggested are unlikely to change significantly under the new DLP government.
Send tips or a Letter to the Editor to editor@updatere.com
|
