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On September 2, 2014, Moody’s Investor Service ( https:// ) downgraded the Bahamas’ issuer and senior unsecured ratings to Baa2 from Baa1 and changed the outlook from stable to negative, citing continued deterioration of the government’s balance sheet and subdued economic growth. In a credit opinion issued on March 9, 2015, Moody's predicted that the government would overshoot its fiscal deficit projections, but maintained the rating and outlook. Standard and Poor’s ( http:// ) affirmed a BBB/A-2 rating with a negative outlook on November 6, 2014, noting that The Bahamas’ credit profile remains under pressure amid a stagnant economy and weak fiscal performance, while acknowledging that VAT revenues would be a key driver in future ratings.

In 2014 Canada imported merchandise valued at $ million dollars from the Bahamas, representing an increase of % from 2013 levels. The most important products were mineral fuels ($ million), organic chemicals ($ million) salt, sulphur, fish and seafood.


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