We are. If this Bahamar debacle goes past the first quarter of the fiscal year, maybe the second, there is no doubt that our credit rating will be demoted to basically near junk status aka Greece-ish.
I feel for him. Just got word that the EXIM Bank have already instructed their auditors to begin the process of getting information on the value of the assets of the 14 Bahamar companies "to begin the process of receivership from the mortgagee".
The bank already knows Bahamar will lose the fight against the winding up petition. Sadly.
TheYoungBahamian says...
We are. If this Bahamar debacle goes past the first quarter of the fiscal year, maybe the second, there is no doubt that our credit rating will be demoted to basically near junk status aka Greece-ish.
On China: Baha Mar conspiracy claim is ‘preposterous’
Posted 7 August 2015, 6:58 p.m. Suggest removal
TheYoungBahamian says...
I feel for him. Just got word that the EXIM Bank have already instructed their auditors to begin the process of getting information on the value of the assets of the 14 Bahamar companies "to begin the process of receivership from the mortgagee".
The bank already knows Bahamar will lose the fight against the winding up petition. Sadly.
On Sarkis: I never imagined fight with the govt
Posted 5 August 2015, 1:23 p.m. Suggest removal
TheYoungBahamian says...
They aren't related.
On Chapter 11 bid refused: Baha Mar application denied, Govt ‘vindicated’ by ruling
Posted 22 July 2015, 7:18 p.m. Suggest removal