S&P Sees T&T Improvement

S&P Sees T&T Improvement

Caribbean

S&P has affirmed Trinidad & Tobago’s A rating and taken it off credit watch negative as it believes it will be able absorb the impact of bailing out CL Financial, which could cost up to 6% of 2009 GDP. The outlook is stable. “We removed these ratings from CreditWatch after evaluating the possible consequences and the cost associated with the government bailout of one of T&T's largest financial conglomerate: the CL Financial Group," says S&P analyst Roberto Sifon-Arevalo. "Assumin

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial