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  • S&P downgrades Barbados on debt, deficit

    S&P cut Barbados' long-term sovereign credit ratings to 'B' from 'BB-', with a negative outlook. "The downgrade reflects continued large fiscal deficits, a high debt burden that continues to rise, and narrower financing options,...

  • Credit union purchases CLICO unit

    The Barbados Public Workers' Co-operative Credit Union (BPWCCUL) has acquired CLICO Mortgage and Finance Corporation, a local unit of bailed out Trinidad & Tobago-based financial conglomerate CL Financial, BPWCCUL said in a press...