Financial Market Brief Feb 12 2016
Following the downgrade of the Bahamas’ local and foreign credit rating to BBB-/A-3 from BBB/A-2 on August 25, 2015, Standard and Poor’s (S&P) stated that there was a greater than one-inthree chance that it could cut the rating again within the next six to twenty-four months if the country’s short and long term economic vulnerabilities deteriorate further. Later this month, government officials will meet with S&P analysts for a continued assessment of the country’s ability and willingness to meet its debt obligations in full and on time. During this process, S&P will look at several economic, political and social factors to appraise the Bahamas’ overall creditworthiness. We identify some of the quantitative economic and financial variables below that may be used this month by S&P in determining the Bahamas’ sovereign credit rating. Weekly_Market_Recap_12-Feb-2016 Click here for full Weekly Market Recap

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