S&P Downgrades Trinidad & Tobago’s Credit Rating 📉

The global ratings agency S&P has just delivered a sobering update on Trinidad and Tobago's economic outlook, revising the country's credit rating outlook from stable to negative. <br /><br />While the country's official rating remains at 'BBB-', the change signals rising concern about long-term fiscal stability, shrinking energy revenues, and a lack of economic diversification. <br /><br />Urvashi Tiwari Roopnarine looks at what this downgrade warning could mean for the economy, public spending, and the pockets of ordinary citizens.