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Barbados’ credit rating lowered

Published:Thursday | June 11, 2009 | 9:20 AM

International ratings agency Standards and Poors has downgraded Barbados’ credit rating.



The island\'s long term foreign currency rating has been moved from

triple B plus to triple B.



But, the New York-based agency says Barbados’ economic outlook remains stable.



Standard and Poors says it expects the country’s economy to gradually recover in the next two years.