International ratings agency Moody's has revised Trinidad & Tobago's outlook from stable to negative, citing short-term risks tied to falling official foreign exchange reserves.
This marks the second time in three months that an international ratings agency has revised the country's outlook from stable to negative.
However, Finance Minister Davendranath Tancoo yesterday pushed back on the timing of the move, saying that Moody's acted "too prematurely" before the Government's new fiscal and growth measures could take effect.
According to the Central Bank's most recent data, Trinidad & Tobago's net official reserves stood at US$4.6 billion at the end of October, representing 5.4 months of import cover.
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