Fear mongering in Trinidad and Tobago is a favourite pastime of PNM puppets and puppeteers.
And it is no different with the latest ratings action from Standard & Poor’s, the international
credit ratings agency. We have all been conditioned to think and expect the worse when a more
dispassionately objective assessment would better serve everyone. Let’s try to understand
what this means.
The Standard & Poor’s (S&P) rating scale is a widely recognized system used to evaluate the
creditworthiness of Government debt including bonds and other financial obligations. By
assigning ratings that range from ‘AAA’ to ‘D,’ the S&P rating scale helps investors make
informed decisions about the risk level of investments. S&P is an internationally respected
agency and would have undertaken a rigorous assessment exercise ahead of its rating action.