WHOOPS! More important fall-out from Trump’s Cuba “Rollback” (Moody’s lowers Cuba’s already-abysmal credit rating!)

“Moody’s says U.S. revision of Cuba policy is negative for Cuba” (i.e. The Castro-Family- Crime-and-Terror-Sponsoring-Syndicate)

*Moody’s says U.S. revision of Cuba policy is negative for Cuba

* Moody’s says Trump’s policy shift comes when Cuba is experiencing external liquidity, balance-of-payments challenges after loss of Venezuelan support

* Moody’s –lower hard currency inflows to Cuba will result from new U.S. measures, exacerbate economic challenges, weigh heavily on Cuba’s economic growth, credit quality

 

Now back in Obama’s day:

New York, December 10, 2015 — Moody’s Investors Service has today affirmed Cuba’s Caa2 foreign currency issuer rating and changed the outlook to positive from stable.

The key drivers of today’s rating action are the following:

* increased rapprochement with the United States have supported favorable macroeconomic performance and raise the likelihood that US economic sanctions might be eased further.

+  The positive outlook on Cuba’s Caa2 rating reflects Moody’s expectation that…favorable macroeconomic trends and will coincide with continued easing of economic sanctions by the US….Increased tourism activity has improved the economic outlook for the country,.

+ the positive outlook on Cuba’s rating would be changed back to stable if there is no further progress in US rapprochement….

…And that’s EXACTLY what happened Friday!!!

“Great job, Congressman!”