agency: tahiti economy steady, outlook negative


French Polynesia is keeping steady on an A minus ranking from leading credit rating agency Standard and Poors.

As a territory of France, Tahiti “profits from the support of the French Republic.”

But economic outlook looks increasingly “negative” to agency analysts.

“Polynesia sees costs growing, exposure to the airline company Air Tahiti Nui increasing, and always significant requirements in infrastructure.”

Analysts say they have worries for the future, according to a report on Agence Tahitienne de Presse.

“Prospects remain negative.”

Standard and Poors say their decision to post a negative outlook follows “the result of the elections and arrival of a government whose precise policies are still unknown.”

France gives about US$1.4 billion to French Polynesia every year in an economy just over US$4 billion.