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FINANCE Minister Davendranath Tancoo welcomed Standard and Poor's (S&P) recent remarks on Trinidad and Tobago's economy his a statement on September 25 titled, S&P affirms TT’s investment grade rating but revises outlook, highlighting the need for reforms.

"Today, the rating agency Standard & Poor’s (S&P) affirmed TT’s investment grade rating at BBB-, while revising the outlook from stable to negative.

"S&P’s affirmation of TT’s investment grade status reflects the country’s long established democratic institutions, economic stability, favourable external profile and buffers."