Story perspectives

Trinidad and Tobago's Credit Rating Stable Amid Growth Signs

1/11/2025

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Summary

Story summary

Moody's confirmed Trinidad and Tobago's Ba2 credit rating with a Stable outlook, acknowledging fiscal revenue diversification efforts.
The country has a fiscal deficit of 4.8% of GDP, but benefits from the Heritage and Stabilisation Fund.
Finance Minister Colm Imbert noted growth in the non-energy sector and structural reforms as signs of future stability.
Despite declining foreign-exchange reserves, new gas projects are anticipated to boost production and economic growth.

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Story summary

Moody's confirmed Trinidad and Tobago's Ba2 credit rating with a Stable outlook, acknowledging fiscal revenue diversification efforts.
The country has a fiscal deficit of 4.8% of GDP, but benefits from the Heritage and Stabilisation Fund.
Finance Minister Colm Imbert noted growth in the non-energy sector and structural reforms as signs of future stability.
Despite declining foreign-exchange reserves, new gas projects are anticipated to boost production and economic growth.