{"id":22617,"date":"2012-06-13T10:32:52","date_gmt":"2012-06-13T14:32:52","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=22617"},"modified":"2012-06-13T10:34:09","modified_gmt":"2012-06-13T14:34:09","slug":"bahamas-debt-of-concern-but-no-further-downgrade","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/06\/bahamas-debt-of-concern-but-no-further-downgrade","title":{"rendered":"Bahamas Debt Of Concern But No Further Downgrade"},"content":{"rendered":"

\"\"The Bahamas\u2019 projected $550 million deficit for the 2012-2013 fiscal year has \u201cnot set off serious alarm bells yet\u201d on Wall Street, Tribune Business can reveal, with no further downgrade to this nation\u2019s sovereign credit rating likely in the short-term.<\/p>\n

Analysts who cover the Bahamas for Moody\u2019s and Standard & Poor\u2019s (S&P), acknowledging that the \u2018growth trajectory\u2019 for the Bahamas\u2019 $4.6 billion national debt was currently \u201cnot sustainable\u201d, said they were both looking for the Government to produce a medium to long-term plan to direct its finances back on to a stable path.<\/p>\n

Admitting to concerns about this nation\u2019s \u201cdebt pile up\u201d over the past five years, the direct debt-to-GDP ratio having increased by more than 20 percentage points over a five-year period to an estimated 50.6 per cent by end-June 2012, Edward Al-Hussainy, an analyst with Moody\u2019s, said the projected fiscal deficits for 2011-2012 and 2012-2013 were higher than the rating agency had projected.<\/p>\n

Yet, while Moody\u2019s has the Bahamas\u2019 sovereign credit rating on \u2018negative\u2019 outlook, Mr Al-Hussainy said no further downgrade to its existing \u2018A3\u2019 position was likely in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":"

While financial analysts are concerned over the Bahamas’ huge national debt and projected deficit there is no further downgrade likely to the Bahamas’ credit rating in the short-term.<\/p>\n","protected":false},"author":57,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[98],"class_list":["post-22617","post","type-post","status-publish","format-standard","hentry","category-headlines","tag-financial"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/22617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=22617"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/22617\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=22617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=22617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=22617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}