Warning on Investment Grade Rating
Economist Dr Ankie Scott-Joseph warns that Barbados risks falling back into an expensive borrowing trap unless it regains an investment grade credit rating.
For Barbados, investment grade represents more than financial credibility – it means a better future for every Barbadian.
Dr Scott-Joseph, a lecturer in economics at the University of the West Indies, cautioned that without reaching investment grade, Barbados risks falling back into an expensive borrowing trap, undoing years of fiscal discipline and leaving the country vulnerable to the next crisis.
Her comments came after Fitch Ratings announced a positive outlook and affirmed the B+ rating for Barbados.
Author's summary: Barbados needs investment grade rating.