July 13, 2016
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Moody’s expects a 22 percent contraction in GDP in 2020, citing high unemployment and a near tourism collapse in 2020.
Bahamian economic output will not recover to pre-COVID-19 levels "until after 2024", Moody's has warned, in a stark illustration of the economic devastation unleashed by the pandemic.
Moody’s has predicted that the Bahamian economy will shrink by 8 percent this year as it put this nation “under review” for a downgrade to so-called “junk” status.
Moody’s has warned that a working age population due to “plateau” by the mid-2020s will limit The Bahamas’ economic growth potential and “weigh” down its sovereign credit rating. The international credit rating agency, in its just-released latest up
The Bahamas would have taken a “cataclysmic” hit if Hurricane Dorian struck Nassau, Moody’s Analytics believes, while still predicting the storm has cost this nation between $3bn to $5bn. Adam Kamins, senior regional economist at Moody’s Analytics,
Moody’s has labelled the Bahamian energy sector as “a bottleneck to economic growth”, although its latest analysis makes no mention of the daily outages plaguing New Providence.The international credit rating agency, in its latest annual assessment o
Moody’s is predicting that the government will overshoot its 2019-2020 deficit target by more than $82m and take longer than anticipated to produce the budget surplus it is seeking.The international credit rating agency, in its latest update on The B
Moody's yesterday delivered a major boost for the Government by hailing the launch of its quarterly fiscal reports as a move that will help regain lost "policy credibility". The international credit rating agency, in an update to the capital markets
THE Bahamas has avoided a potentially damaging and costly credit downgrade, with Moody's revealing Friday that it has confirmed the country's Baa3 rating following its recent review.
MOODY’S announced yesterday that it has downgraded the Bahamas’ credit rating by one notch mainly because of the country’s “low medium-term growth” prospects and limited fiscal space compared to similar countries.
The Bahamas yesterday “dodged a bullet” after Moody’s chose not to downgrade its creditworthiness to ‘junk’ status’, and instead upgraded its outlook on this nation to ‘stable’.
With fears that the country's credit rating could be downgraded by Wall Street rating agency Moody's
Moody’s is now questioning another key fiscal projection by Prime Minister Perry Christie’s government, warning that the Bahamas’ uncertain outlook makes it hard to forecast how high - and when - the debt-to-GDP ratio will peak.