Minister in the Ministry of Finance Brian Manning is today defending the recent Standard and Poors report which confirmed the country’s BBB- credit rating and also upgraded the country’s economic outlook from negative to stable.
Economist Dr Valmiki Arjoon last week told News Power Now that the report does not affect the average man as it does not address the increasing cost of living facing citizens.
Mr Manning in response said this is not true as it affects the interest rate at which citizens can borrow money and thereby impacts the cost of living.
Minister Manning also responded to UNC criticism by MP Rushton Paray who said the country’s rating is just one grade above junk.
However, Mr Manning said MP Paray should “bat in his crease” and maintained that the news places T&T at a regional advantage.
COMMENTS