The Ministry of Finance welcomed Standard and Poor’s (S&P) rating team to Port of Spain this week for Trinidad and Tobago’s annual sovereign credit rating review, marking a crucial evaluation of the country’s financial standing.
Finance Minister Davendranath Tancoo led discussions with the S&P delegation at the Eric Williams Finance Building on Wednesday, July 23rd. The meeting also included Minister in the Ministry of Finance Dr. Kennedy Swaratsingh, Central Bank Governor Larry Howai, and Parliamentary Secretary in the Ministry of Trade, Investment and Tourism Dr. Colin Neil Gosine.
The S&P team was headed by Associate Director Jennifer Love and included Managing Director Joydeep Mukherji and Senior Analyst Louis Favreau who conducted extensive consultations across multiple government agencies from July 23rd to 24th, 2025.
S&P evaluates sovereign ratings based on five key elements: institutional framework, economic performance, external factors, fiscal flexibility and debt burden, and monetary policy. The review process allows the rating agency to collect data and engage with technical experts to assess Trinidad and Tobago’s current performance and future outlook.
Discussions involved various Ministries including Energy, Trade and Tourism, along with the Central Bank and private sector representatives, providing S&P with comprehensive insights into the country’s economic landscape.
The annual review will inform S&P’s assessment of Trinidad and Tobago’s creditworthiness and economic stability.
