“The report highlights that Trinidad and Tobago’s credit profile is supported by sizeable fiscal buffers, including the Heritage and Stabilisation Fund, equivalent to approximately 25% of GDP, and Treasury cash and cash-equivalent deposits equivalent to a further 7% of GDP. Together, these assets provide meaningful capacity to absorb shocks, support budget financing and meet debt-service needs during periods of stress.
Moody’s also points to the country’s comparatively high-income levels (US$35,956.00 on a purchasing power parity basis in 2025), which continue to support economic resilience, and to a projected rebound in domestic gas production by the end of 2027 (driven by the Manatee, Ginger and Aphrodite fields, expected to lift natural gas output from around 2.5 billion cubic feet per day to 3.0 – 3.5 by 2028-29), and support growth, exports and foreign-exchange generation over the medium-term.
Moody’s also recognised the strength of the country’s institutions, citing Trinidad and Tobago’s “constitutional system of checks and balances”, “clean political transitions”, and “strong voice and accountability” governance indicators, which the agency notes compare favourably with peers.“
