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BRIEF-Moody's confirms the Bahamas' Baa3 ratings
August 25, 2017 / 9:05 PM / 25 days ago

BRIEF-Moody's confirms the Bahamas' Baa3 ratings

Aug 25 (Reuters) -

* Moody’s confirms the Bahamas’ Baa3 ratings and changes outlook to negative, concluding review for downgrade‍​

* Moody’s on Bahamas - Confirmation of rating is driven by prospects for debt stabilization supported by the government’s fiscal consolidation program

* ‍moody‘s-Bahamas’ negative outlook reflects potential downside risks to fiscal consolidation process posed by “weaker-than-expected growth”, among others

* ‍Moody's says absent successful fiscal consolidation, the Bahamas' fiscal and credit profile would likely weaken Source text: [bit.ly/2gcKJgZ]

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