NASSAU, Bahamas — Moody’s said yesterday strengthening in The Bahamas’ tourism sector and continued foreign direct investment projects will help sustain growth in the range of 1.5 to two percent over 2018-2019, The Tribune reported August 15.
Despite this, the credit ratings agency – in its updated credit opinion on this nation yesterday – maintained the country’s Baa3 credit rating with a negative outlook.
This outlook, it said, “reflects potential downside risks to the fiscal consolidation process posed by weaker-than-expected growth, exposure to climate-related shocks in the form of hurricanes, and implementation risks associated with measures to rein in expenditure growth and increase revenue intake”. http://www.tribune242.com/news/2018/aug/15/moodys-still-has-blues/
