Moody’s downgrades Sint Maarten to Ba2, changes outlook to negative, concluding review for downgrade. | SMN NEWS

New York:— Moody’s Investors Service, (“Moody’s”) has today downgraded the Government of Sint Maarten’s issuer ratings to Ba2 from Baa3. Moody’s also changed the outlook to negative. This concludes the review for the downgrade that commenced on 10 February 2021.
The key drivers behind the rating action were:
• Policy differences with the Netherlands, the sole source of financing for Sint Maarten
• Untested access to alternative sources of financing, which exacerbates the credit impact of the large increase in Sint Maarten’s debt burden
The negative outlook reflects the risk that political differences with the Netherlands may lead to a ...

To read more: https://www.smn-news.com/st-maarten-st-martin-news/37107-moody-s-downgrades-sint-maarten-to-ba2-changes-outlook-to-negative-concluding-review-for-downgrade.html