S&P sees negative outlook for island

BRIDGETOWN, Barbados – STANDARD & POOR’S (S&P) HAS REVISED Barbados economic outlook to negative from stable, while the agency is keeping the ‘BB+/B’ credit rating it assigned the country last year. In a release yesterday, S&P analyst Richard Francis said Barbados had slipped back into recession after a weak recovery between 2010 and 2012. But Francis warned that unless the country made quick adjustments to narrow the widening deficit, the country could face another downgrade.

Show More
Back to top button