Bahamas Gets First Moody's Upgrade in Six Years - LatinFinance

Bahamas gets first Moody's upgrade in six years - LatinFinance

Sovereign has curbed debt by containing spending growth and boosting revenue with tighter tax enforcement, says ratings agency The post Bahamas gets first Moody’s upgrade in six years appeared first on LatinFinance.

Moody’s Ratings upgrades The Bahamas long-term ratings to ‘Ba3’ with a Stable Outlook

Moody’s Ratings (Moody’s) upgraded its long-term issuer and senior unsecured ratings on The Bahamas to ‘Ba3’ from ‘B1’. The rating action reflects the sustained strengthening in fiscal performance and the improved government’s liquidity and funding profile supported by “lower net borrowing requirements, increased reliance on longer-term multilateral financing, and active liability management”. Moody’s highlighted The Bahamas’ track record of […]…