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Moody’s: Govt must broaden revenue

Moody's yesterday asserted that hitting the Government's fiscal targets "rests on broadening the revenue base" as a prominent banker urged the administration: "Stop saying no new taxes."

Moody’s claims that we’re optimistic? We have to be

The Bahamas must “hold the line” on government spending to build investor confidence that it is not solely relying on economic growth “to fund any errors” in its fiscal projections, a well-known banker urged yesterday.

Private sector credit shrank 20% pts of GDP pre-COVID

The Bahamas’ low pre-COVID economic growth coincided with bank credit to the private sector contracting by the equivalent of 20 percentage points of GDP, an international rating agency has revealed.

Bahamas’ ‘rosy picture’ not making the grade

A top insurer was yesterday “hoping and praying” The Bahamas can reverse its continual downgrades despite the Government’s “rosy picture” of its fiscal and economic standing failing to convince the rating agencies.

Moody’s: Multiple ‘risks’ to Gov’ts fiscal forecast

Moody’s last night warned of multiple “risks” to the Government’s fiscal consolidation projections due to the absence of any tax increases in the just-unveiled Budget, while spending restraint will “weigh on economic growth”

Moody’s fears on bond refinancing

Moody’s has voiced fears about The Bahamas’ continued access to capital markets and high interest burden if it is unable to successfully refinance maturing bond issues in four consecutive years from 2024 onwards.

Moody's: GDP down by a fifth

Moody’s expects a 22 percent contraction in GDP in 2020, citing high unemployment and a near tourism collapse in 2020.

Moody’s warn COVID impact will remain beyond 2024

Bahamian economic output will not recover to pre-COVID-19 levels "until after 2024", Moody's has warned, in a stark illustration of the economic devastation unleashed by the pandemic.

UPDATED: Bahamas rating under review for downgrade, says Moody's

Moody’s has predicted that the Bahamian economy will shrink by 8 percent this year as it put this nation “under review” for a downgrade to so-called “junk” status.

Working age 'plateau' to hit growth, credit rating

Moody’s has warned that a working age population due to “plateau” by the mid-2020s will limit The Bahamas’ economic growth potential and “weigh” down its sovereign credit rating. The international credit rating agency, in its just-released latest up

$3-5bn Dorian 'cataclysmic' if Nassau struck

The Bahamas would have taken a “cataclysmic” hit if Hurricane Dorian struck Nassau, Moody’s Analytics believes, while still predicting the storm has cost this nation between $3bn to $5bn. Adam Kamins, senior regional economist at Moody’s Analytics,

Moody's: BPL is 'bottleneck to expansion'

Moody’s has labelled the Bahamian energy sector as “a bottleneck to economic growth”, although its latest analysis makes no mention of the daily outages plaguing New Providence.The international credit rating agency, in its latest annual assessment o

Moody's predicts $82m fiscal deficit overshoot

Moody’s is predicting that the government will overshoot its 2019-2020 deficit target by more than $82m and take longer than anticipated to produce the budget surplus it is seeking.The international credit rating agency, in its latest update on The B

Moody's boost for Gov'ts 'credibility'

Moody's yesterday delivered a major boost for the Government by hailing the launch of its quarterly fiscal reports as a move that will help regain lost "policy credibility". The international credit rating agency, in an update to the capital markets

Bahamas avoids Moody's downgrade

THE Bahamas has avoided a potentially damaging and costly credit downgrade, with Moody's revealing Friday that it has confirmed the country's Baa3 rating following its recent review.

Moody’s downgrades the Bahamas’ credit rating

MOODY’S announced yesterday that it has downgraded the Bahamas’ credit rating by one notch mainly because of the country’s “low medium-term growth” prospects and limited fiscal space compared to similar countries.

Bahamas ‘dodges junk status bullet’

The Bahamas yesterday “dodged a bullet” after Moody’s chose not to downgrade its creditworthiness to ‘junk’ status’, and instead upgraded its outlook on this nation to ‘stable’.

THE BIG QUESTION: Kickstarting the economy

With fears that the country's credit rating could be downgraded by Wall Street rating agency Moody's

Moody’s now challenges Govt over debt ratios

Moody’s is now questioning another key fiscal projection by Prime Minister Perry Christie’s government, warning that the Bahamas’ uncertain outlook makes it hard to forecast how high - and when - the debt-to-GDP ratio will peak.

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