thebahamasweekly.com - Dr. Minnis’ Statement on Moody’s Credit Downgrade

From:TheBahamasWeekly.com

Bahamian Politics
Dr. Minnis’ Statement on Moody’s Credit Downgrade
By The Free National Movement
Aug 23, 2016 - 3:54:27 PM

Nassau, Bahamas - Dr. Minnis, Leader of the Free National Movement (FNM), issued the following statement on Moody’s downgrading The Bahamas credit rating:

“Every day since Moody’s placed The Bahamas’ Ratings on review for downgrade in July we have learned of a new impact this failure of the PLP Government is having on The Bahamas. And now that Moody’s has officially downgraded the country’s credit rating the situation could get worse. The PLP Government told us that they had productive meetings with Moody’s yet they still issued a downgrade showing their lack of trust in the Prime Minister and this Government.”

“The PLP continues to drag The Bahamas through the dirt day in and day out. It is inexcusable that they refused to listen to the warnings that they needed to reign in their spending and now we are in this inexcusable situation. The Prime Minister claims that they have reigned in spending and reduced the deficit but that is just more empty rhetoric and broken promises according to Moody’s assessment. The Prime Minister and his Government can only hide behind their smoke and mirrors for so long, before the Bahamian people hold them accountable in the next election.”

“Year after year the Prime Minister and his PLP Government have failed to make any improvements in our budget and our economy keeps getting worse and worse. Even with tax increases and higher fees placed on the backs of hardworking Bahamians they keep spending and putting The Bahamas’ financial standing at risk. But unfortunately for the Bahamian people they have become accustomed to the empty rhetoric and broken promises from the PLP.”

“The Bahamian people deserve a Government that will stand up and fight to improve our economy. Our country’s future won’t improve until we have real leadership that will stop the empty rhetoric and broken promises and roll up their sleeves and fight for the Bahamian people every day. The FNM will provide this real leadership for the Bahamian people that they desperately need and deserve for their future.”