- On July 25, 2019
Moody’s released its Annual Credit Analysis on the Government of Trinidad and Tobago (GORTT) on June 28, 2019, followed by a FAQ on growth prospects, fiscal consolidation, and external risks on July 15, 2019. Moody’s has maintained its Ba1 (speculative/junk) rating on T&T with a stable outlook. On July 9, 2019, S&P Ratings downgraded T&T’s sovereign credit rating to BBB from BBB+ (one notch above speculative/junk) on economic and fiscal stress with a stable outlook. The Ministry of Finance published a release on Moody’s report on July 17, 2019. This Q&A provides a review of these four publications, and responds to the questions Marla has received in the context of these developments.
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