T&T's Credit Strength The Highest In The Caribbean

Trinidad and Tobago's high credit-worthiness ratings of foreign and local currency, CariAA, was reaffirmed by CariCRIS On Monday. A media release by the Ministry of Finance stated that Trinidad and Tobago’s credit rating of CariAA with CariCRIS is the highest rating of the Caribbean region, is on par with Panama, and higher than Mexico and Colombia which are two countries with good capital market access. The Ministry of Finance says this positions Trinidad and Tobago well into the Investment Grade category, which has allowed T&T to successfully issue an international bond in September at good conditions in a very volatile market. In response to this achievement, the Minister of Finance, Colm Imbert, has pointed out that all rating agencies have confirmed the resiliency of T&T's economy and the appropriateness of the Government’s policies to respond to, and overcome, external shock.