The Ministry of Finance of Trinidad and Tobago issued a statement on Standard & Poor’s latest sovereign ratings action, highlighting that the country’s BBB- rating was upheld, maintaining investment grade status, while the outlook was revised from stable to negative. The release pointed to S&P’s warning that the rating could be lowered in the next 6 to 24 months if the government does not take timely corrective steps to strengthen the sustainability of public finances, support long-term balanced economic growth, and maintain the country’s strong external profile. It also cited S&P’s indication that the outlook could be revised back to stable over the next 24 months if government policies improve fiscal sustainability, strengthen long-term GDP growth prospects, and sustain the external profile, and linked the government’s response to fiscal discipline and diversification measures expected to feature in the 2026 budget.
2025-09-26Ministry of Finance (Trinidad & Tobago)
Trinidad and Tobago Ministry of Finance notes S&P affirms BBB- sovereign rating while revising outlook to negative
Trinidad and Tobago's Ministry of Finance announced that Standard & Poor’s maintained the country's BBB- sovereign rating but revised the outlook from stable to negative. S&P warned of a potential downgrade within 6 to 24 months without corrective fiscal measures, while a return to a stable outlook is possible if fiscal sustainability and growth prospects improve. The government's response is expected to focus on fiscal discipline and diversification in the 2026 budget.