Above: Port of Spain, Trinidad

Moody’s recently rated Trinidad and Tobago with a “Stable Outlook,” along with rating its government bonds at BAA1–Stable for foreign currency and BAA1 for local currency. According to a July credit analysis report, the country’s ratings are supported by “relatively high levels of economic development, a very strong external position, still-low government debt levels and a solid institutional framework.” Moody’s noted that Trinidad’s $25,705-per-capita GDP is almost double the median of other BAA-rated countries. Real GDP growth is expected to be what Moody’s called a “modest 2.1 percent” this year. According to the company, Trinidad’s government financial strength is ranked “High” due to low levels of government debt and a solid fiscal position.

–Trinidad Information Service