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MOODY’S LOWERS THE BOOM ON THE FNM FINANCE MINISTER

The Bahamas is now officially at junk bond status in the international credit markets.  It makes it more expensive for The Bahamas to borrow money on the international market.  Ordinarily this should not be a big deal because given the Covid 19 crisis, everyone knows what time it is.  However, we can’t help but gloat.  […]

CHESTER COOPER ON THE MOODY’S DOWN GRADE | 26 June 2020

The following statement was issued by the Progressive Liberal Party’s spokesman on Finance Chester Cooper MP and Deputy Leader of the Progressive Liberal Party: We note that Moody’s credit ratings service has now downgraded our credit ratings several levels, firmly into junk territory. In fact, being downgraded two notches on the credit front, and being […]

Moody’s Downgrades The Bahamas: Why Should We Vote FNM Again?

So what has the FNM to boast about when the general election comes about?  They boasted that there was corruption.  So far all the cases have collapsed.  Then they said they would control the deficit? Well the defects are the largest in the history of the country.  Then they said they cut down on borrowing.  […]

Donneldo Harris Of PYL Speaks On Moody’s Downgrade

Almost a week ago, the Tribune reported that Moody’s has once again placed the Bahamas on credit rating review. This brings about an important question; when do we as a nation decide what our worth is? On May 8th almost twelve years ago, Moody’s gave Lehman Brothers a AAA rating (which is the highest investment […]

MOODY’S TAKES A DIFFERENT TACK ON THE ECONOMY THAN STANDARD AND POORS

Today Moody’s Investor Services upheld The Bahamas’s investment grade credit rating and the stable ratings outlook. Moody’s expressed confidence that The Bahamas is on course to see a reduction in its debt burden over the near and medium-term.  To the credit of the Government’s fiscal reform process and the improving economic outlook, the ratings agency’s […]

BAHAMAS MINISTRY OF FINANCE COMMENTS ON MOODY’S RATING ACTION

On September 2nd Moody’s investor service lowered The Bahamas Government’ credit rating by one notch to Baa2, buy viagra sale and issued a stable outlook for the credit assessment, no rx premised on the strength of a very credible fiscal reform plan and a stronger forecast for economic growth. It must be stressed that The […]