AS Moody’s prepares to review the Bahamas’ creditworthiness following the Minnis administration’s revelations about the country’s fiscal condition, former Central Bank Governor James Smith warned that a downgrade to ‘junk’ status would raise the cost of borrowing, increase the current costs of debt servicing and potentially scare off investors.
Meanwhile when questioned about the looming review and possible downgrade yesterday, Prime Minister Dr Hubert Minnis would only say the government “must exercise fiscal prudence” in the way it runs the country’s affairs...
AS Moody’s prepares to review the Bahamas’ creditworthiness following the Minnis administration’s revelations about the country’s fiscal condition, former Central Bank Governor James Smith warned that a downgrade to ‘junk’ status would raise the cost of borrowing, increase the current costs of debt servicing and potentially scare off investors.
Meanwhile when questioned about the looming review and possible downgrade yesterday, Prime Minister Dr Hubert Minnis would only say the government “must exercise fiscal prudence” in the way it runs the country’s affairs...
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