Barbados' government has welcomed the latest ratings from the US-based rating agency Standard and Poor's (S&P), which have kept the island's long- and short-term sovereign credit ratings at a highly speculative level.
Prime Minister Mia Mottley, however, said the announcement by S&P was an indication that Barbados had done reasonably well in the present turbulent circumstances, even as she warned that Barbadians still had a "very tight rope" to walk.
In its latest ratings, issued last Friday, the credit rating agency said it reaffirmed its 'B-/B' long- and short-term sovereign credit ratings on Barbados and its 'B-' issue-level rating on Barbados' debt.
In addition, S&P reaffirmed its 'B-' transfer and convertibility assessment and issued a stable outlook.
