The private sector association says it remains encouraged by the latest upgrade by Moody’s Investors Service of Barbados’ foreign and local currency issuer ratings to Caa1 (C double A1) from Caa3.
It also affirmed the foreign currency senior unsecured bond rating at Caa3 and maintained a stable outlook.
Chairman of the Barbados Private Sector Association, Edward Clarke tells Starcom Network News this is good news for prospective foreign and local investors.
Meantime, Simon Naitrum, who is the President of the Barbados Economics Society, offered his take on this latest upgrade calling it a nice signpost along the island’s journey of economic recovery.
