S&P confirms T&T’s Investment Grade Rating; Raises its expectations

Home*Cover Story*Government

S&P confirms T&T’s Investment Grade Rating; Raises its expectations

Finance Minister Colm Imbert says he’s pleased with Trinidad and Tobago’s Grade Rating by S&P. On July 21st, 2022, S&P, the international rating agency, confirmed T&T’s credit rating at BBB-, an Investment Grade rating reflective of the credit strength of the country.

As a positive development, S&P has also brought its outlook from negative to stable, in light of the recent and prospective developments in the economy and its resiliency against multiple shocks.

Imbert said this is the first time over the last 15 years that S&P takes a positive action on Trinidad and Tobago.

Advertisements

“This is the first time over the last 15 years that S&P takes a positive action on Trinidad and Tobago” notes the Honourable Colm Imbert, Minister of Finance. “In the current situation facing the world economy, with multiple cases of economic and financial distress, negative rating actions are the norm rather than the exception: this singles out Trinidad and Tobago very favorably, both regionally and globally. Trinidad and Tobago is a safe harbor for investors”.

The Minister added “this decision is a testimony to our country’s ability to face the COVID crisis in a way that protected the population and the economy, and to exceed expectations in terms of growth and budget restraint, leading to a decline in the public debt trajectory”.

COMMENTS

WORDPRESS: 0
DISQUS: 0