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BRIEF-S&P revises commonwealth of the Bahamas sovereign credit outlook up to 'stable' from 'negative'
December 20, 2016 / 9:15 PM / a year ago

BRIEF-S&P revises commonwealth of the Bahamas sovereign credit outlook up to 'stable' from 'negative'

Dec 20 (Reuters) -

* S&P - S&P revises commonwealth of the Bahamas sovereign credit outlook up to stable from negative; current rating is bb+

* S&P on Bahamas - Expect Bahamian GDP to grow by 0.3 pct in 2016, onback of 1.7 pct contraction in 2015, and grow 1.2 pct on average over the next three years

* S&P on Bahamas says believes that lower growth trend will challenge government’s ability to meet fiscal projections,likely resulting in rising debt

* S&P on Bahamas -outlook reflects view that expected opening of baha mar, smaller tourism developments, steady stream of tourists, will sustain growth

* S&P on Bahamas -lower-than-anticipated growth, in addition to spending pressure following damage inflicted by hurricane matthew will slow pace of fiscal consolidation Source text for Eikon:

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