S&P Sees Strength in T&T

S&P Sees Strength in T&T

Caribbean

S&P has raised Trinidad and Tobago to A (stable) from A minus to reflect continued strengthening of fiscal and external accounts. Backed by a booming energy market, the economy has grown an average of 9.3% annually since 2003 and that is expected to grow about 7% in 2008. The stable outlook represents the needs to do further economic diversification, a key step to reducing vulnerabilities that the non-energy deficit continues to highlight, the agency states. “Improvements in transparency and gov

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