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Trinidad and Tobago Faces Downgrade Risk Amid Fiscal Concerns

9/28/2025

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Summary

Story summary

Standard & Poor’s (S&P) moved Trinidad and Tobago’s outlook from stable to negative, signaling downgrade risk.
Former senator Vasant Bharath urged credibility and fiscal discipline, proposing freezes on nonessential projects.
He called for a debt-management plan for the US$1 billion bond due next year and FX transparency.
Long-term goals: diversify from oil and gas, cut imports 30% in five years.

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Story summary

Standard & Poor’s (S&P) moved Trinidad and Tobago’s outlook from stable to negative, signaling downgrade risk.
Former senator Vasant Bharath urged credibility and fiscal discipline, proposing freezes on nonessential projects.
He called for a debt-management plan for the US$1 billion bond due next year and FX transparency.
Long-term goals: diversify from oil and gas, cut imports 30% in five years.