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Wednesday’s decision by Standard & Poor’s to uphold T&T’s investment-grade rating of BBB- is a good sign, but experts note that the ratings agency’s decision to maintain the country outlook at negative is a concern.
Former Minister in the Ministry of Finance, economist Mariano Browne said the rating reflected the Ministry of Finance managing cash flow with “one eye on the rating.”
“That’s the reason why we don’t know how much back pay is unpaid. We don’t know how much VAT is unpaid.” said Browne.
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