On Thursday, Standard & Poor’s (S&P), the international rating agency, confirmed Trinidad and Tobago’s credit rating at BBB-, an Investment Grade rating reflective of the credit strength of the country.
In a press release, the Ministry of Finance says 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.
Minister of Finance, Colm Imbert, said: “This is the first time over the last 15 years that S&P takes a positive action on Trinidad and Tobago.”
The Minister says Trinidad and Tobago is a safe harbour for investors. He added that this rating is a testimony to the country’s ability to face the COVID-19 crisis in a way that protected the population and the economy.