Its four-and 24-year paper was active with the shorter-dated 2015 issue actually gaining when government bonds were lower.

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When a company or government wants to issue debt, it usually calls a rating agency (or three, to boost credibility).

ECONOMIST: Credit-rating agencies

Mr McPartland said the Foreign Office minister with responsibility for the Caribbean Mark Simmonds had told him he would be raising the issue with the Barbados government when he visited the country later in the year.

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