Warning on Investment Grade Rating
Economist Dr Ankie Scott-Joseph warns that Barbados risks falling back into an expensive borrowing trap unless it regains an investment grade credit rating.
For Barbados, investment grade represents more than financial credibility – it means a better future for every Barbadian.
Dr Scott-Joseph, a lecturer in economics at the University of the West Indies, emphasized the importance of reaching investment grade, cautioning that without it, Barbados risks undoing years of fiscal discipline and becoming vulnerable to future crises.
Her comments follow Fitch Ratings' announcement of a positive outlook and affirmation of Barbados' B+ rating.
Author's summary: Barbados needs investment grade rating.