Fitch gives Barbados ‘B’ rating

Fitch Ratings has assigned Barbados a long term foreign currency issuer default rating or IDR, of ‘B’, with a stable rating outlook.

The international credit rating agency has also assigned a short-term IDR of ‘B’, a country ceiling of ‘B’, and senior unsecured debt level of ‘B’.

Fitch is one of the big three credit agencies, along with Moody’s and Standard and Poors.

In responding to the news, Minister in the Ministry of Finance Ryan Straughn noted it is a major boost and indication of confidence for Barbados.

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