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.
Ministry of Finance (Trinidad & Tobago) 2025-09-26
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.