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Moody's raises Cuba's rating to positive as it moves away from Venezuela dependence and is closer to US

Tuesday, December 15th 2015 - 07:41 UTC
Full article 15 comments

International ratings agency Moody’s Investors Service has moved Cuba’s economic from stable to positive, citing its lessening dependence on Venezuela and the possibility of more improved relations with the United States. Read full article


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  • Brasileiro

    The United States will sell his own mother to try to approach of the Caribbean, Venezuela and South America.

    Here now is BRICS territory!

    Bye bye 5 Eyes!

    Dec 15th, 2015 - 09:22 am - Link - Report abuse 0
  • Skip

    No BRICS country has territory in the Caribbean.

    The US and UK do.

    Dec 15th, 2015 - 11:34 am - Link - Report abuse 0
  • Conqueror

    @1. Strange how virtually all BRICS countries are failing. Yep, Brazil, Russia, China and South Africa are all going down. Don't bother with any lies as we can all read the figures.

    Dec 15th, 2015 - 12:33 pm - Link - Report abuse 0
  • yankeeboy

    USA corporations must first be compensated for Castro's nationalization. All the property needs to be returned to them and interest paid for the last 50yrs.

    Soon enough Cuba will be like a colony again, rich and successful.
    I can't wait to go.

    Dec 15th, 2015 - 12:35 pm - Link - Report abuse 0
  • Brasileiro

    @4 The Port of Mariel, built with Brazilian money, has a surcharge of 25% on any product outside of Latin America and the BRICS countries imported by Cuba.

    Then the story will be a little different from the time of Fulgencio Batista.

    Dec 15th, 2015 - 12:56 pm - Link - Report abuse 0
  • yankeeboy

    5. Good luck with that, do you really think Cuba will honor any deal that will affect its prosperity or hinder USA investment?

    Pssst...they won't.

    Dec 15th, 2015 - 01:11 pm - Link - Report abuse 0
  • Brasileiro

    @6 Contracts are meant to be fulfilled. Do not you think?

    Dec 15th, 2015 - 01:27 pm - Link - Report abuse 0
  • yankeeboy

    7. Of course but their history has shown they have little regard for contracts.

    If the choice is between new USA investment or an easily breakable contract with Brazil believe be they'll choose the new investment. Brazil has no leverage.

    Dec 15th, 2015 - 01:48 pm - Link - Report abuse 0
  • Clyde15

    The USA has about 1.5 million Cuban exiles resident there. Most of them will have family in Cuba and vice versa. As sanctions ease and Cuba rids itself of the millstone of Venezuela, the Cuban people will move closer to the USA and their distant American Cuban family.
    BRICS will be totally irrelevant and will have probably ceased to exist by then.

    Dec 15th, 2015 - 02:29 pm - Link - Report abuse 0
  • Conqueror

    @7. Why? Argieland rarely did. You were a pal. Learn to pick pals wisely. Just part of the same SoAm scum.

    Dec 15th, 2015 - 06:14 pm - Link - Report abuse 0
  • ilsen

    Hopefully, the approx. 50,000 Cuban 'advisors' will return home from Venezuela very soon. Although, it is my understanding that many of the medical contingent have already fled across the border to Colombia, seeking better pastures.
    It is well-known that the Venezuelan Military are increasingly 'uncomfortable' with, and resentful of, their overbearing Cuban Military 'advisors'...
    As for the 'political advisors, and the 'secret-state/intelligence advisors', uurrggghhh!!!! Guantanamo Bay is too good for them!

    Dec 16th, 2015 - 02:49 am - Link - Report abuse 0
  • Skip

    Cuba has been very lucky. Not long after the Soviet Union imploded and withdrew its largesse, Venezuela was able to step up to the plate.

    And just when this largesse is about to be withdrawn, the United States finally ended its farcical embargo and set Cuba up for a consumer and tourism boom.

    Timing is everything.

    Dec 16th, 2015 - 05:58 am - Link - Report abuse 0
  • ilsen

    Slight copy of another post elsewhere, forgive me (!), but better placed here.

    Cuba/Venezuela now mistrust each other.

    Venezuela is in a state of turmoil.

    Many, many, on both sides are looking for revenge, to protect their 'Cause', (which-ever, what-ever that maybe), and quite simply, the millions, yes, millions that are quite simply absolutely, fucking angry, really fucking angry, (for multitudinous reasons, on what-ever 'side' and there are many sides!).

    Everyone is just furious with everyone-else...

    yep. it's an almighty mess...
    Although, it seems that, the Minister for Defence, who is also Chief of All Military, (even tho. the Constitution bans this, (haha only in Vnzla!)), is the stabilising force preventing a 'coup' and demanding democratic process...

    Venezuela is at the brink of utter chaos, and the split with Cuba is apparent, now the 'cheap' oil has gone...

    More news soon.

    Dec 16th, 2015 - 07:14 am - Link - Report abuse 0
  • Demantoid Garnet

    @12. You're right on target with that assessment. I have lived in Miami, and I know hundreds of Cubans living there. Many, although uncomfortable supporting the Castro regime by sending money to Cuba, still will help their families with $$$ and goods. There is a LOT of money and tourists in South Florida, and it won't take much to make a quick trip south to Cuba.

    In the same vein, Venezuela is in a world of crap... low petroleum prices (with really nothing to force them back up), no “big brother” to provide long term financial assistance (China and Russia can help a LITTLE, but nowhere near the scale required). When you consider the recent election in Argentina, Venezuela just becomes more isolated.

    Best wishes everyone.

    Dec 16th, 2015 - 10:25 am - Link - Report abuse 0
  • ilsen

    More news here;
    ”In one of those news events that is both deeply shocking and entirely expected, Diosdado Cabello, [Coup-Monger/Chavista Eminence Grise/Maduro's Boss, Top Military Honcho and Suspected Narco-Traffiker-Leader of the 'Cartel de los Soles' wanted by the DEA, no less! and of course, quite naturally, the Speaker of the National Assembly of Venezuela, (phew...!)], has just set up a parallel, unelected National Assembly, to be known as the Parlamento Comunal Nacional.
    Oh dear.
    Diosdado said he had no problem with this new “Parliament” holding its sessions the Palacio Federal Legislativo – the traditional seat of the Legislative Branch. “As long as I’m chairman of the National Assembly, which will be until next January 5th or 6th 2016, if the opposition wants, or if it doesn’t come to take the oath of office, you can sit here as often as you like ...“
    background info:
    ”Diosdado Cabello instaló Parlamento Comunal Nacional
    Diosdado Cabello instaló este martes el Parlamento Comunal Nacional, instancia que servirá para la elaboración de propuestas que fortalezcan las políticas del Gobierno nacional

    Dec 17th, 2015 - 02:20 am - Link - Report abuse 0

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