S&P Raises Trinidad and Tobago Outlook

S&P Raises Trinidad and Tobago Outlook

Caribbean

S&P has affirmed its A minus rating on Trinidad and Tobago and revised its outlook on the rating to positive from stable. The move reflects continuing fiscal and current account surpluses that, in turn, strengthen macroeconomic stability and external flexibility. At the same time, the implementation of legislation establishing the Heritage and Stabilization Fund, which is estimated to reach 9% of GDP in 2007, will provide an increasingly important buffer for the country's open, energy-based econ

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