More bad news. As a consequence of its latest review, Moody’s has retained its negative outlook on Barbados, saying its expectation was that “the government will continue to find it difficult to meet its fiscal deficit targets owing to both weak revenues and expenditure rigidities, (ii) high levels of domestic short-term borrowing will continue to undermine the government debt profile and lead to increased refinancing risks, and (iii) continued central bank financing of the fiscal deficit will compromise authorities’ ability to preserve the currency peg.”
Posted on: Wed, 04 Jun 2014 00:42:00 +0000
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