S&P Global Ratings upgrades The Bahamas long-term ratings to ‘BB-” with a Stable Outlook

NASSAU, The Bahamas – S&P Global Ratings (S&P) upgraded its long-term foreign and local currency sovereign credit ratings on The Bahamas to ‘BB-’ from ‘B+’. The rating action reflects strengthened economic performance, supported by the tourism and financial sectors, coupled with sound fiscal  management: “The stronger economy, propelled by strong cruise tourism and large-scale investment projects across the […]