Tag Archive for 'Moody’s'

T&T suffers big blow

By Asha Javeed
May 02, 2015 – trinidadexpress.com

DownTrinidad and Tobago has suffered a big blow to its status as the place to invest in the Caribbean after international agency Moody’s downgraded the country’s credit rating from stable to negative.

Moody’s on Thursday downgraded Trinidad and Tobago’s Government bond rating and issuer rating to from Baa1 to Baa2.

The ratings are used and considered by international investors looking to do business in T&T.

Moody’s justification for the downgrade, which happened on Thursday, are:
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Moody’s just downgraded T&T’s credit rating

trinidadexpress.com

FinancialMoody’s Investors Service, the credit rating agency that conducts international financial research on bonds issued by commercial and government entities on Thursday downgraded Trinidad and Tobago’s government bond rating, and issuer rating to Baa2 from Baa1 and changed the outlook to negative from stable.

According to Moody’s, the key drivers behind the downgrade are:
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