Credit ratings agency Standard & Poor’s (S&P) has affirmed this nation’s ‘B+’ sovereign credit rating with a stable outlook, noting that the Bahamian economy has seen meaningful improvement over the past 12-18 months due to the tourism sector’s performance.
The ratings agency said that its stable outlook reflects the view that economic growth will support government revenues and reduce pressure on government expenditures, leading to smaller fiscal deficits over the next 12 months.
