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SAN Fernando East MP Brian Manning and Opposition senator Vishnu Dhanpaul are not surprised by Moody's decision to revise TT's outlook from stable to negative in their latest credit ratings report on the country.

In a WhatsApp comment on December 13, Manning said, "TT has gone from 8.3 months to 5.4 months of forex (foreign exchange) coverage."

The former minister in the ministry of finance added, "This forex reserve decline has shown the UNC burning through US$600 million in our foreign reserves and leaving us at less than six months' worth of US currency coverage without explanation."