An international credit rating agency has shown significant confidence in the growth of the Barbados economy, despite the impact of the COVID-19 pandemic and other external shocks.
Standard and Poor’s issued its first rating review for Barbados since just before the start of the pandemic, back in December 2019.
As a result, Barbados has retained its B- rating in the latest review.
The financial services company has also described the outlook for the island as stable.
Senior Economic Advisor to the Barbados Government, Dr. Kevin Greenidge tells CBC News that the S&P rating represents a significant plus for investor confidence as the country heads into a new year.
He says it is especially significant given the many challenges that have faced the country since the last rating review.
Dr. Greenidge adds that the maintained rating is especially significant in the region of the Americas.
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