December 15, 2023
Caribbean Information and Credit Rating Services Limited (CariCRIS) has upgraded by two notches the sovereign issuer credit ratings assigned to the Government of Barbados (GOB) to CariBBB- (Regional Scale Local Currency). Additionally, CariCRIS has aligned the LC and FC ratings as the country now has significant foreign currency reserves and we assess the risk of the GOB’s discrimination between LC and FC debt repayment to be low. The ratings indicate that the level of creditworthiness of this obligor, adjudged in relation to other obligors in the Caribbean is adequate.
Govt-of-Bdos-Rating-Release-14-Dec-2023