Tag Archives: Debt Restructure

Middleclass the Forgotten Group After ‘Staying the Course’

The newly elected Barbados government took the unprecedented decision on 1 June 2018 to suspend domestic and eternal payments on debt.  Credit rating agencies were predictably swift to respond by adjusting Barbados’ credit rating to selective default (SD). Even the most ardent of Democratic Labour Party (DLP) supporters would have admitted the economy was in a free fall and the

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Does White Oak Have a Plan B?

The Mia Mottley government forced a debt restructure on locals holding bonds. The government boasted about the speed it was completed although truth be told it was a Hobson’s choice. On the other side of the debt restructuring transactions the external bond holders have so far been nettlesome at the negotiating table. Approaching 18 months and there appears to be

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