Moody’s Rates St Vincent

Moody’s has assigned a B1 mark to St Vincent and the Grenadines, the first-ever sovereign ratings for the eastern Caribbean nation. “The ratings balance St Vincent’s relatively heavy debt burden and highly vulnerable open economy with a history of stable policy environment and substantial international official financial support,” the agency says. “The macroeconomic environment is stable.” Debt as a percentage of GDP is on the decline, but must reduce further for an upgrade.