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Moody’s backs trimmed 3% Bahamas growth projection

Moody’s yesterday backed forecasts of lower 3 percent economic growth for The Bahamas in 2023 as it noted the Government’s multi-billion refinancing plan almost totally depends on loans and guarantees from multilateral lenders.

Moody’s doubles down on ‘overly optimistic’ forecasts

Moody’s has doubled down on concerns that the Government’s Budget revenue forecasts are “overly optimistic” and that its debt servicing payments will be higher than projected due to the rise in global interest rates

NEW MOODY’S DOWNGRADE: Action taken over financing access fears

The Bahamas was last night urged to "move more urgently to rev the engine" after Moody's again downgraded the country's sovereign creditworthiness over fears its access to borrowing is being squeezed.

Bahamas downgraded by Moody's

The scale of the economic and fiscal challenges facing the new Philip Davis-led administration were laid bare Friday, after Moody’s further downgraded the Bahamas’ sovereign creditworthiness.

DOUBLE DIP: COVID fallout sees two-point downgrade

The “extraordinary beating” inflicted upon the tourism industry by COVID-19 was critical in Moody’s decision yesterday to strip The Bahamas of its ‘investment grade’ credit rating, the deputy prime minister says.

MOODY’S - WE SEE GROWTH NEXT YEAR

The deputy prime minister yesterday warned "there is no restart button" for fully relaunching a Bahamian economy that Moody's is projecting will grow by 2 percent next year.

Sea level rise threat to 15% of Bahamas' GDP

The Bahamas is among the top four nations forecast to be hit hardest by rising sea levels, a rating agency warned yesterday, with up to 15 percent of annual GDP and 11 percent of its people in peril. Moody’s, unveiling an assessment about the long-t

Moody's: Dorian rebuild hit from insurance woes

The economic boost from Hurricane Dorian recovery “could be limited” by the 60 percent of Bahamian households who failed to fully insure, a global credit rating agency has warned. Moody’s, in an assessment that underlined how the category five storm

Moody’s: Govt to miss balanced budget goal

Moody’s yesterday warned the Government it will likely miss its target of generating a small Budget surplus by 2020-2021, predicting it will still be running a deficit equal to 1 percent of GDP.

Moody’s glum on hitting deficit

Moody’s is urging further “restraint” in public spending while predicting that the government will miss the 1.8 percent deficit target set by the Fiscal Responsibility Act for 2018-2019.

Moody’s still has the blues

MOODY’s said yesterday strengthening in The Bahamas’ tourism sector and continued foreign direct investment projects will help sustain growth in the range of 1.5 to two percent over 2018-2019.

Moody’s: Deficit could hit $636m

The Bahamas’ 2016-2017 fiscal deficit could rise as high as $636 million or 7 per cent of GDP, Moody’s has warned, due to the Christie administration’s pre-election spending binge.

Christie playing a "dangerous game" with Moody's over potential downgrade, says Butler-Turner

LONG Island MP Loretta Butler-Turner chastised Prime Minister Perry Christie on Friday for his "delusional and incoherent" response to the threat of possible downgrade by rating agency Moody's.

A YOUNG MAN'S VIEW: Spiralling debt brings a downgrade dangerously close

The Bahamas is on the fast track to an economic downgrade.

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