The ratings agency Moody’s Investors Service in its latest ratingassessment of The Bahamas, maintained its Baa3 negative rating, which is
unchanged from its previous report. I am pleased to report to the
country that this independent assessment reflects stabilization in our
sovereign credit profile following four years of successive rating
downgrades. This represents a critical first step in addressing and
reversing years of fiscal mismanagement.
As outlined in the
recent budget exercise, the Government’s combination of economic
initiatives, including: the introduction of focused fiscal measures; the
imminent introduction of fiscal responsibility legislation…
Source: https://www.thebahamasweekly.com
