Being positive about S&P negative outlook
3 Hrs Ago
Customers waits to buy fruits and vegetables from a market vendor in Scarborough, Tobago on August 3. Consumers are being spared price increases as headline inflation remained contained at 1.1 per cent, according to the Central Bank. Photo by David Reid -
The decision of international ratings agency Standard and Poors (S&P) to change its economic outlook for TT last Thursday from stable to negative has triggered mixed views.
Minister of Finance Colm Imbert has noted S&P reaffirmed TT’s investment grade of BBB-, in a sign that the country remains a safe investment space. He further said high absorption capacity, brought about by savings and large financial buffers, remains pertinent in the ratings agency’s outlook.
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