S&P affirms Bahamas

Standard & Poor's said it affirmed its A- long-term and A-2 short-term sovereign credit ratings on the Commonwealth of The Bahamas.

The outlook on the long-term ratings remains stable.

S&P said the ratings on The Bahamas reflect its:Track record of macroeconomic stability, bolstered by prudent fiscal policies and steady monetary stance. The island's fixed exchange-rate regime, in effect since 1973, ensures low inflation, while generally prudent fiscal management has led to only moderate accumulation of government debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.