Government of the Republic of Trinidad and Tobago

Media Release: Moody’s Upgrades Trinidad and Tobago’s Rating Outlook from Negative to Stable: International Confidence Strengthens, as Another Major Institution Acknowledges the Government’s Strategy

“Today, international rating agency Moody’s has raised Trinidad and Tobago’s rating outlook from “Negative” to “Stable”, while affirming the country’s Ba2 rating. This development follows closely on the IMF’s Article IV consultation and signals increasing international confidence in the policy direction pursued by the Government since taking office one year ago. Two of the world’s most respected international institutions have now independently reached similar conclusions, sending a clear message: the Government’s strategy is producing results, and Trinidad and Tobago is regaining economic momentum.

The rating agency highlighted the country’s improved external prospects and, notably, the proactive debt management strategy undertaken by the Government, including the international bond issuance in January that enabled a partial redemption of the US$1 billion August 2026 bond which significantly improved the country’s debt maturity profile. This is the direct result of deliberate, disciplined choices made by the new administration to strengthen the country’s financial footing and reduce external vulnerabilities.”