{"id":242381,"date":"2003-07-01T01:35:24","date_gmt":"2003-07-01T05:35:24","guid":{"rendered":"https:\/\/www.bahamasb2b.com\/news\/2003\/07\/moodys-outlook-change-to-hit-200-mil-debt-issue"},"modified":"2003-07-01T01:35:24","modified_gmt":"2003-07-01T05:35:24","slug":"moodys-outlook-change-to-hit-200-mil-debt-issue","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2003\/07\/moodys-outlook-change-to-hit-200-mil-debt-issue","title":{"rendered":"Moody&#8217;s Outlook Change To Hit $200 Mil Debt Issue"},"content":{"rendered":"<p>Moody&#8217;s the international credit rating agency, has delivered an untimely blow to the government&#8217;s plans for raising $200 million through the international bond markets by revising it&#8217;s outlook on this nation downwards from positive to stable, meaning that the Bahamas will have to pay more to obtain debt financing.<br \/>\n<P><br \/>\nThe change in outlook, although not as bad as a downgrade, is likely to mean that international investors will seek compensation for the extra risk attached in buying into the $200 million issue through higher interest rates attached to the bonds. One source told The Tribune that the Moody&#8217;s outlook change was likely to add between 0.25 and 3\/8 of a percentage point to the interest rate attached to the debt issue.<br \/>\n<P><br \/>\nThe outlook revision, which Moody&#8217;s said had been prompted by the sluggish tourism industry that accounts for 70 per cent of this nation&#8217;s gross domestic product (GDP) comes just days after MP&#8217;s passed a House of Assembly resolution authorising the government to proceed with the $200 million issue, which is intended to reschedule debt and obtain foreign currency for financing capital works projects in the 2003 &#8211; 2004 fiscal year.<br \/>\n<P><br \/>\n<B>Source: The Tribune<\/B><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Downgrade to stable may increase interest payments attached to bonds by 1\/4 to 3\/8 of a percent hitting Budgetary calculations<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","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":[],"tags":[],"class_list":["post-242381","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/242381","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=242381"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/242381\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=242381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=242381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=242381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}