Nation e-Edition

‘Stumbling block’ to CLICO solution

‘Stumbling block’ to CLICO solution Minister of Finance Chris Sinckler (FP)

Sun, October 28, 2012 - 12:09 AM

THE RECENT DOWNGRADE of Barbados’ investment rating to junk bond status has been identified by some Caribbean officials as one of the factors standing in the way of a regional solution to the CLICO International Life (CIL) debacle.

However, Minister of Finance Chris Sinckler last night asserted that “the issue of some countries not having investment grade does not mean that they cannot participate in a solution and that is the case as well for Barbados”.

“It may make participation a bit more expensive but it does not mean that a solution cannot be found,” he added.

However, Sinckler did acknowledge that “Trinidad was the only territory involved in the CLICO Barbados solution that maintains investment grade by Standard & Poor’s (S&P)”.(KJ)

Please read the full story in today’s SUNDAY SUN, or in the eNATION edition.

  • Editor's Choice

Share your thoughts

Please sign in or register to post your comments.

Latest Videos

Quick Poll

Do you agree with Acting Assistant Commissioner of Police Erwin Boyce that convicts should be made to pay for their stay at HMP Dodds?

View Past Polls

Stay Connected to Your World

Join Your Friends & Our Community

Your Friends' Activity

Daily Cartoons

  • October 1, 2014 - 2014 10 01
  • September 30, 2014 cartoon - 2014 09 30
  • September 29, 2014 - 2014 09 29