Moody's lifts The Bahamas to Ba3 as tourism revenue narrows the deficit

Moody’s upgraded The Bahamas’ credit rating to Ba3 with a stable outlook, citing sustained fiscal consolidation, stronger tourism revenue and reduced liquidity risk. The move follows S&P’s earlier lift to BB- and a March review by Fitch noting solid expansion. Growth is expected to moderate to around 2.1% in 2026 as the economy returns toward potential, with unemployment easing to roughly 9.3%. For the Bahamian diaspora, a firmer rating tends to lower government borrowing costs over time and signals steadier ground for investment and remittance-funded projects at home.

Source: Bahamas Chronicle / Nassau Guardian, citing Moody’s; Bahamas Ministry of Finance.