Stable Policy Outlook

October 2008 | Ratings Update

The Barbados government faces an additional US$100mn in debt repayment this year than in 2007, according to Prime Minister David Thompson. Thompson made the revelation in September, explaining that the new forecast was due in part to new debt raised during the year and the repayment of approximately US$27 million for new prisons on the island. Despite the uptick, the country's debt and fiscal performance should remain solid, and we expect relatively stable economic policy on this front going forward. Policy continuity should offer a measure of support for both our short-and long-term political risk ratings over the coming months.

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