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Last Updated: Feb 13, 2017 - 1:45:37 AM |
On August 31st, Moody’s Investor Services upheld The Bahamas’s investment grade credit rating and the stable ratings outlook. Moody’s expressed confidence that The Bahamas is on course to see a reduction in its debt burden over the near and medium-term.
To the credit of the Government’s fiscal reform process and the improving economic outlook, the ratings agency’s assessment keeps the Bahamas appropriately paced amongst its international peers, notwithstanding the Baha Mar construction delay.
In this regard, it is worth emphasizing, again, that the Government is committed to securing a timely resolution and completion of the Baha Mar project, in a manner that would serve the best interest of the country.
The Ministry of Finance acknowledges that a deepening of the reforms, including persistence in expenditure discipline would reduce the ongoing vulnerabilities highlighted by Moody’s. The Government, while being patient, will redouble its efforts to advance initiatives that boost private sector confidence and stimulate employment.
31 August 2015
© Copyright 2015 by thebahamasweekly.com
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