Trinidad & Tobago gets downgraded

Standard and Poor’s (S&P) has downgraded Trinidad & Tobago’s long term sovereign rating from A- to BBB+.

S&P claimed that the downgrade was due to the country’s deteriorating fiscal position, the rising interest burden and increasing pressures on the foreign exchange reserves.

S&P maintained that despite these economic challenges, the political scene is expected to remain stable in the medium term.


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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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