Following Moody’s Visit, Government ‘Hopeful’ Rating will be Maintained27 Jul 2017

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Minister of Finance Peter Turnquest said the government is “hopeful” the country’s investment rating will be maintained. His comments came shortly after international credit rating agency Moody’s completed its visit to The Bahamas yesterday.

Moody’s and the IMF Visit The Bahamas

The International Monetary Fund (IMF) also visited The Bahamas last week. Speaking with Guardian Business yesterday, Turnquest confirmed that the IMF is finished with its consultation. “We await their report. We assume it will be published shortly and we are satisfied that it is fair,” he said.

He said the government also expects to receive a similar statement from Moody’s.

The ratings giant placed The Bahamas’ Baa3 credit rating on review for a possible downgrade earlier this month.

Government Optimistic about Investment Rating

“We are hopeful that we will maintain our investment rating as we move towards correcting the challenges that we are all aware of,” said Turnquest.

“I am optimistic. I have no reason to believe that anything has significantly changed such that the future outlook for the country has not been improved.

Read More here: The Nassau Guardian