Barbadians have no reason to fear Sagicor’s plan to move its headquarters from the island in the face of downgrades from Standard & Poor’s.
And while former Prime Minister Owen Arthur called the move a “national tragedy”, president and chief executive officer Dodridge Miller told the WEEKEND NATION yesterday that the plan to re-domicile would make Sagicor a stronger company.
Miller said in the short and long term Sagicor would get a “stronger credit rating, better access to capital at better prices and greater access to a larger pool of value-creating opportunities”, thus making the 175-year-old Barbadian company stronger.
Yesterday, Opposition Leader Mia Mottley called the decision a “blow to Barbadian pride” while Charles Herbert, chairman of local conglomerate Goddard Enterprise said he was “saddened” by the news though he understood why Sagicor made the decision.
Please read the full story in today’s Weekend Nation, or in the eNATION edition.
