CARIBBEAN: S&P lowers Trinidad and Tobago’s credit rating

CARIBBEAN: S&P lowers Trinidad and Tobago’s credit rating

S-PJAMAICA OBSERVER – International credit rating agency Standard & Poor’s has revised to negative it’s outlook on the economy of Trinidad and Tobago.

The agency has affirmed its ‘A/A-1’ long-and short-term sovereign credit ratings on the Republic of Trinidad and Tobago (T&T).

“At the same time, we revised the outlook on the long-term ratings to negative from stable. Our ‘AA’ transfer and convertibility assessment for T&T is unchanged,” S&P said.

In a report issued on Thursday, S&P said the change in outlook to negative from stable “reflects an at least one-in-three chance that prolonged low energy prices and potentially poor GDP (gross domestic product) growth prospects could result in a steadily rising debt burden, leading to a downgrade in the next two years”.

According to S&P, the public finances of the twin island republic are vulnerable to a prolonged and substantial drop in energy revenues.



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  1. No idea what this new rating should do ..... But thanks a lot S&P am sure the new information will be put into good use


  2. The Trinidad's oil pressure is reading low again. Captain the ship is sinking....Shall we abandon ship or sail on it ....and perish slow. Captain tell we what to do.


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