Moody’s rating agency has just released that they are keeping the credit rating for Barbados unchanged, at least one of the agencies is keeping the investment grade rating at least for now. The government will hold its breath that S&P follows suit.
Read the rating rationale extract from Moody’s Report.
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@ old onion bags | July 17, 2012 at 6:58 PM |
“…. all we have been saying fell on deaf ears until to night …”
Onions, I with you all the way on this like two purple-blooded ‘Cawmere’ Waterford guardians of the Truth and Fair play. It was you, Prodigal Son and the other enlightened ones who were in the forefront of warning this DLP administration of the errors of their ways. You remember the amount of cussing and vilification we received from the likes of CCC, ac, to the point and the rest of that blindfolded DLP attack brigade?
Our tears, Dear Onions have not been shed in vain!
Let us end by repeating an old saying that the goodly doctor’s mum told him: “Time longer than twine”!
Look, why dont S&P just out with it and say honestly thus:
– The US economy is ‘s’ucked
– the European economies are ‘s’ ucked
– China is now showing serious sign of being seriously ‘s’ucked
– Japan, by extension will see a return to the 90’s and is ‘s’ucked
– By extension, the markets will be ‘s’ucked
Thus, we are all ‘s’ucked and our ratings actually, in such an environment, mean ‘bugger all’.
Short, to the point, accurate and without a lot of fluff.
Done widdat.
@ Ellis Chase and !
But waaaaaaaaait looka muh crosses it is S&P to go pick a fight with not BU bloggers.
What wunna expect the people to say given no growth, four years of a $400m+ current account deficit and the voodoo economics practice of using NIS funds to create a false deficit reduction via off-budget spending? .
I wonder why there has been an increase in transfers for the 1st six months of this year, increments or more staff?
@ ! | July 17, 2012 at 7:26 PM |
“Arthur as minister of Finance could not escape a downgrade but now he runs before the cameras talking about call an election – Do not be fooled.’
Well call Arthur’s bluff! Let the people decide. Don’t string them along like puppets or should one say poppets- the naive and innocent children easily fooled and manipulated.
Early September sounds great. A start of a new school term and the start of a new political and economic rebirth.
@ Miller
They are like true little school girls…I only waiting for the gorillaphant next to make his robust appearance with his continuous lies and innuendo.Why Miller we have been like criers in the wilderness for years…now that like the morning of revelations and all has come to being….they run to the rock to hide their faces.Nip picking and arching will get them nowhere…but you know what is the travesty ? Nothing will mend their ways……call elections do! They hard EARS !
@ Miller
Well call Arthur’s bluff! Let the people decide. Don’t string them along like puppets or should one say poppets- the naive and innocent children easily
fooled and manipulated.
**********************************
CALL WE BLUFF DEM !……..true dat Miller ..a square cut….one they can’t answer.
Moody’s held their ratings, the more Int recognised S& P have downgraded Barbados, even though it was expected, I’m saddened, as a true bajan, that this is happening to MY COUNTRY. What hurt me most is the press conference by the Cen Bk’s Gov. who is trying to play down the ratings by S&P. We should not be playing politics with such a serious matter. One evening we hear a gov minister painting a most gloomy situation about the economy, the very next evening, we hear the gov saying that is not true. This gives the trade unions reason to demand an increase for their members/workers.Something don’t sound right.
”This gives the trade unions reason to demand an increase for their members/workers.”
That is a joke. Increase at this time???? Isnt it better to keep as many jobs as possible?
Cant see that companies just send home a wad? Just shows what jokers we have manning the unions, cant really say leading.
@ onions,
I only waiting for the gorillaphant next to make his robust appearance with his continuous lies and innuendo……………………………..
You missed him on CBC radio, 100.7 this evening pontificating with Maureen Holder, the talk show host who fooled David Ellis and told him she was not partisan. Encouraged and stimulated by her, he blamed the BLP for not putting aside more during the years of plenty. Then the Physical Deficit man called in and I tuned out.
They can keep blaming the BLP, we warned them and their hatchet people came on here with all their filth to run us off the blog!
Clyde Mascott accused the Governor of The Central Bank of putting politics ahead of economic analysis. Mascoll aint got no shame at all!
The Pot calling the kettle black!
If Mascoll is not playing politics , why does he use general terms like fiscal adjustments, expenditure adjustments and not “send home people” which most Bajans would clearly understand.
For Mascoll- Owen Arthur was a terrible economist (while Mascoll was opposition leader); Marion Williams was inept and now he turns on Delisle Worrell and despite all the long talk- after two years in the Ministry Of Finance, the only leagcy Miserable Mascoll left was 2 million dollars of our tax dollars stashed in the Hardwood Hole.An intellectual lightweight and a political stepney as Owen Arthur described him.
Fat Arse Ian Bourne put the relevant question to the Gov of the Central Bank today about Government spending on lavish overseas trips with very large groups and was dismissed with the response that such spending was “TRIVIAL”. Jesus H Christ … TRIVIAL.. in comparison to what? Fat Arse framed the question within “tighten your belt” pronouncements of the administration which includes the GoCB and he get dismissed for pursuing a “TRIVIALITY”. Millions of dollars over the past couple of months in overseas exploits with absolutely NO chance of a return of any kind and this is TRIVIAL. Well the GoCB could kiss my Black Ass …!
There are somethings I dislike about some people who try to influence the public in supporting their pick. Example Maureen Holder and David Ellis and some one for Ministry of Consumer Affairs appeared to be working in cohoots to take out Malcom Gibbs Taitt on a VOB Brass tacks Programme a` couple months ago. Next couple days in comes Minister Haynesly Benn on the set stage to deliver his message on Consumerisn.
I was at a loss about the focus on Mr Taitt’s case by VOB. BUT BUT Mr Benn has not realised that he as Minister is accountable to the consumers of Barbados. He seemed not to know that he is the one with that responsibility. With these three little words Cost of living,echoed 2 more times. Ben you not Macolm.
I am yet to hear about from The VOB twin Mr Ellis and Miss Holder about staging together to expose the lack of accountability and transparency on behalf of the poor CLICO Policy owners. Not forgetting VOB’S Star Moderator Mr Marshall to date has yet to tell Barbados the truth about NIS FUNDS and the CLICO affair.
The same level of attack should have been unleashed for truth and justice for poor policy owners who invested in CLICO.
A call for truth, a call for transparency and a call for accountability.
I see Ms. June Fowler has finally said enough is enough…and about time too, It is way past time we poor pensioners see something from these culprits as our money lies somewhere else on a bank in St.Lucia..(so we hearing)……But is ok retribution is a bitch….you can’t juck out the people eyes all the time and don’t expect that someday..they won’t KICK.
Reading might be some convenient disability, but brains stuck in a stalemate comes naturally.
You see that Scrupie ain foolish, only on 17th July at10.10 p.m on this blog i commented about Mr David Ellis way of handling Mr Taitt from the Consumer Association. Note that yesterday on VOB Brasstacks , he Mr Ellis gone for Mr Taitt’s neck again.
What is and why Mr Ellis ? As the leading journalist in Barbados do you have more serious matters that should be aired , seems kind a cantankerous going down that line all the time.
Well since you setting Taitt’s agenda you need to do some financial reporting on the “Implication of reporting agencies like Moody and Standard & Poors on the Barbados Economy – The most recent reviews.
Your response would be appreciated on this or on air.
They do read this blog, cause a topic very similar to what Scrupie requested was aired on Brasstacks today.
Rating Agency doesn’t disclose their methodologies, watch below…
@Crusoe
Dont ever expect the unadultered TRUTH from Rating Agencies.
Your comments are far MORE accurate!!!!
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