BARBADOS TODAY MORNING UPDATE – FEBRUARY 02, 2015

BAS boss calls for urgent talks on concessions for hoteliers.
A former attorney general wants a criminal investigation launched into the Clico matter.
Ministry of Finance official tells Government to rethink its relationship with S&P.
The Housing Minister says work is ready to resume on Parish Land housing project.
…..and more in the morning update.

2 Responses to BARBADOS TODAY MORNING UPDATE – FEBRUARY 02, 2015

  1. Tony Waterman February 4, 2015 at 2:41 am

    “Ministry of Finance official tells Government to rethink its relationship with S&P.”
    Who is this Idiot OFFICIAL, and which Rock did he just Climb from under??
    The Government of Barbados has NO special relationship with S&P. S&P is an ACCREDITED INTERNATIONAL RATING AGENCY, there is NO rethinking to do, Barbados WILL be rated if they accept what S&P does or not, they (S&P) , only a few days ago DOWNGRADED Russia to JUNK BOND STATUS, same as Barbados, and i have not yet heard Mr.Putin say anything NEGATIVE about the Downgrade. what does he know that this FOOL in Barbados does not know, i really don’t believe that this OFFICIAL is aware of how rating agencies operate Internationally. Instead of trying to be AGGRESSIVE, why not try to find out how they can reach the MINIMUM Level required to get UPGRADED a NOTCH at a Time.

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  2. Tony Waterman February 4, 2015 at 2:53 am

    You can believe it or not AT YOU OWN PERIL, BARBADOS NEEDS S&P, S&P does NOT NEED Barbados, that “”OFFICIAL”” has the BULL by the TAIL Barbados is not as BIG as some People seem to think it is.
    The Big Three credit rating agencies are Standard & Poor’s (S&P), Moody’s, and Fitch Group. S&P and Moody’s are based in the US, while Fitch is dual-headquartered in New York City and London, and is controlled by the France-based FIMALAC. As of 2013 they hold a collective global market share of “roughly 95 percent”[1] with Moody’s and Standard & Poor’s having approximately 40% each, and Fitch around 15%.
    ALL International Money Lenders use these three to grade the Ability of COUNTRIES that Borrow to Repay in a Specific Timeline.
    so this OFFICIAL can rethink as much as he wants to,but it will be to no avail as any one the seek to lend to will consider their request by wht these three agencies say.

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