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Trinidad and Tobago gets triple “A” credit rating…

Business NewsCaribbean ratings agency the Caribbean Information Credit Rating Service (CariCris) has Trinidad and Tobago a triple A credit rating.caricris Rating Agency

This was revealed by Finance Minister Larry Howai at yesterday’s post-Cabinet news briefing at the Prime Minister’s St Clair office.

This was the highest rating for all the nations associated with the ratings agency.

Minister Howai said that Trinidad and Tobago had four consecutive quarters of growth in 2012-2013.

Larry-Howai

He revealed the Real GDP has also been growing on a continuous basis from July of last year.

Noting that this country has the largest GDP in the English-speaking Caribbean, and is one of the wealthiest countries in Latin America and the Caribbean, he said CariCris indicated the rating reflected the country’s strong external position as reflected by a healthy foreign exchange position.

Which at the end of June was $9.4 billion and the Heritage and Stabilisation Fund which at the start of July had US$5 billion.

However Howai also underlined that he had been making a continuous call to accounting officers in the Public Service and to ensure that they adhere to all proper processes and systems.

This, he said, would ensure that the people of Trinidad and Tobago got value for their money.

 

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