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What’s Trending:Barbados’ downgrade by Moody’s

What’s Trending:Barbados’ downgrade by Moody’s

Sat, December 22, 2012 - 10:20 AM

The Nation’s Online Editor Carol Martindale looks at What’s Trending in Barbados today.

Moody’s downgrade of Barbados late Thursday night still have have our readers talking.

Moody’s Investors Service announced it had lowered the island’s foreign and local currency bond ratings to Ba1 from Baa3, while maintaining that the economic outlook was “negative”. in a swift response, Minister of Finance Chris Sinckler said: “The most recent ratings downgrade by Moody’s Investors Service comes as no surprise to us in the Ministry of Finance or in the Government, as a whole.”

Michael Lewis: “Taking most of my tax dollars for projects that will not earn money for Barbados is a joke. Free this, Free that, free the next, giveaways paid for with tax dollars. Ministers, it is time to call elections. The party seems more focused on winning elections than how this downgrade will affect 280 000 Barbadians. The Minister of Finance is trying his best I do not doubt that. He has not been hiding. He has made himself available at every critical point but sadly sir, it is time for change.”

Caleb Watson:  “Tourism declined in Barbados, is because of high hotel costs and dining out. Calling an election has no bearing in increases in tourist arrivals. By electing a particular political party does not necessarily mean tourists arrival will increase. Please get your facts together.

Roses Stuart:  “It is like you have a cancer which is curable and not doing anything about it but sitting and saying that a lot of people have it. I say put people there that will do something about it instead of just sitting back and seeing how it turns out. ‘Dem’ never will get my vote and I don't care who don't agree with me.”

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