S&P maintains BBB- rating for Montserrat
Oct 03, 2013
BRADES, Montserrat, CMC – The United States-based rating agency, Standard & Poor's (S&P), has affirmed its 'BBB-/A-3' sovereign issuer credit ratings on Montserrat addi8ng that the outlook remains stable.
“Our 'BBB-' transfer and convertibility assessment is unchanged. The ratings on Montserrat reflect the United Kingdom’s institutional and budgetary support of the island, which is an internally self-governing overseas territory of the U.K.
“The U.K., through the Department for International Development (DFID), and the EU contribute roughly half of GDP in grants for budget support and infrastructure investment,” it said.
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