Moody’s reviews Bahamas for cut

Moody's Investors Service said it placed the Bahamas' Baa3 long-term issuer and senior unsecured ratings on review for downgrade.

The decision to place the Bahamas' ratings on review for downgrade reflects significant risks to its economic and fiscal metrics as a result of the coronavirus outbreak, the agency said.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, falling oil prices, and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, the agency added.

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