Fitch affirms Sagicor

Fitch Ratings said it affirmed Sagicor Financial Corp. Ltd.’s long-term issuer default rating at B.

The outlook is stable.

Fitch said the action follows the announcement by the government of Barbados that it is seeking to restructure its sovereign debt and suspended payments due on the portion of sovereign debt denominated in foreign currency.

The government will continue to make scheduled interest payments on local currency sovereign debt, but payments of principal will be extended until restructuring agreements are completed.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.