What’s Trending:Barbados’ new credit rating
Fri, December 21, 2012 - 1:30 PM
The Nation’s Online Editor Carol Martindale looks at What’s Trending today in Barbados.
Moody’s downgrade of Barbados as well as the response from Minister of Finance Chris Sinckler to this news have readers talking this morning.
Barbados' credit rating is now at Ba1, into junk territory, and Moody’s cited the country's lukewarm economy and rising government debt levels as the reason for this new rating.
Seeker Che Shane: “This is crap. These IMF puppets just do this to get countries to borrow money from the lending agencies.”
Yolanda Antonio: “Not the greatest news. Praying for your speedy economic recovery Barbados.”
Philip F Corbin: “If Mr.Sinckler seriously believes that Barbados is past the worst then he has not listened to the latest statement from the BCCI which states quite clearly that private sector layoffs of employees are unavoidable in 2013. This will guarantee further shrinkage in the economy, which has become chronically disabled in the past four years.”
Ellena Bowers: "I have no idea why the business men and women of Barbados who voted this complacent government into office haven't marched to government headquarters and demanded these people leave office before they finish destroying the Barbados economy."
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