Moody’s raises Bahamas credit rating as fiscal outlook strengthens.
International credit ratings agency Moody’s has upgraded The Bahamas to Ba3 from B1, citing improved fiscal performance, stronger liquidity, and more stable financing, supported by tourism growth, tighter tax enforcement, and controlled spending. The agency expects primary surpluses of about 4% of GDP and a decline in debt to roughly 68% by 2027. However, noted banker Gowon Bowe cautioned the upgrade is “par for the course” and not grounds for celebration, noting other agencies had already signalled improvements. He stressed that sustained progress requires continued reforms, stronger fiscal transparency, and better public reporting to maintain investor confidence.
Source: Caribbean Insight