Moody's: Bahamas outlook negative

Moody's Investors Service said it affirmed the Bahamas' A3 government bond ratings but revised the outlook to negative from stable.

The negative outlook also applies to all the country ceilings including the ceiling for the off-shore banking sector.

The outlook change reflects the significant run-up in government debt levels in recent years, the country's limited growth prospects and the challenges the government is likely to face in raising revenues, according to the agency.

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