Trinidad and Tobago gets a CariAA 2021 rating from Caribbean Credit Rating Agency, CariCRIS, the second highest rating on its scale.
The Ministry of Finance says at CariAA, Trinidad and Tobago remains at the top of CariCRIS’ published sovereign ratings in the region.
Minister of Finance, Colm Imbert, said the rating agency has put a stable outlook to the rating of Trinidad and Tobago.
Minister Imbert said the CariCRIS Report also identified a number of Trinidad and Tobago’s key strengths satisfactory financial sector, monetary and exchange rate conditions and comfortable debt service coverage when compared to its regional peers.
The Ministry said CariCRIS stated ‘the use of the Heritage and Stabilization Fund is prescribed for such situations as currently being faced and helps to contain the accumulation of debt.
It said the prudent portfolio management and continued sizeable balance of US $5.6 billion at May 2021 represents a key credit strength for the government.