S&P Global lowers credit rating for Trinidad and Tobago

S&P Global lowers credit rating for Trinidad and Tobago

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Loans Trinidad & Tobago

S&P Global lowered the sovereign rating for Trinidad and Tobago to BBB from BBB+, citing lower-than-expected energy production and slower economic growth. The twin factors will reduce the government's revenue base and delay its plans to balance the budget by fiscal year 2020-2021, according to S&P Global.  The ratings agency also said that government reforms aimed at improving revenue collection and providing timely economic data have also been slow. S&P Global maintained its stab

Already have an account?

Free trial

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

Free Trial