September 5, 2013
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‘Structural vulnerabilities’ weigh on robust growth
Standard & Poor’s (S&P) yesterday forecast Bahamian economic growth for 2024 will fall back to historical trends at 1.8 percent as it warned that such levels, together with “structural vulnerabilities”, weigh on improved credit ratings.
S&P: Austerity ‘likely’ to meet Gov’t debt targets
Standard & Poor’s (S&P) last night argued that the Government will likely struggle to meet its debt reduction targets “without material new revenues, significant cost-cutting or well above average economic growth”.
S&P: ‘No material effect’ for Bahamas from FTX
Standard & Poor’s (S&P) yesterday gave The Bahamas “breathing room” by maintaining its existing sovereign credit rating while predicting that FTX’s implosion will have “no material adverse impact” for the country.
S&P slashes Bahamas ‘23 growth to just 1.1%
Standard & Poor’s (S&P) yesterday slashed its 2023 economic growth forecast for The Bahamas to just 1.1 percent despite giving the country a break on repeated annual creditworthiness downgrades.
GLIMMER OF HOPE: Ratings agency S&P sees economic upturn but private sector cautious
The Bahamas does “not have enough control over our own plight” to take comfort from Standard & Poor’s (S&P) belief that COVID devastation has “bottomed out”, it was argued yesterday.
Bahamas downgraded by Standard & Poor's
Standard & Poor’s (S&P) today downgraded The Bahamas’ sovereign creditworthiness citing “the failure of successive governments to implement timely and effective” fiscal reforms even prior to COVID-19.
FDI fear on latest S&P downgrade
An economist last night warned that investors will likely seek greater tax breaks and concessions as a result of The Bahamas' latest sovereign credit downgrade.
S&P gives Bahamas major post-Dorian lift
Standard & Poor’s (S&P) has given The Bahamas a much-needed post-Dorian boost by asserting that this nation is “well-positioned to handle the fall-out” from the category five storm.
Standard & Poor’s downgrades Bahamas to 'junk' status
LEADING global credit rating agency Standard & Poor’s (S&P) yesterday handed the Bahamas an unwanted Christmas present - a downgrade to “junk” status, reflecting the country’s worsening economic and fiscal position.
Wall Street likely to cut the Bahamas' GDP growth
A Wall Street credit rating agency yesterday said it would likely downgrade its 2013 economic growth projections for the Bahamas, given “very subdued” economic activity and a “softer” tourism sector.
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