The credit rating downgrade to CCC+/C by S&P Global of Barbados has come as no surprise to sensible Barbadians. When former Governor of the Central Bank DeLisle Worrell distanced himself recently from government policy of printing money, it confirmed that the rats were jumping ship.
The government has been unable to jumpstart the economy since it was entrusted to them in 2008. It is time for the private sector to turn its back on the government.
Read the S&P Global Report: