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International ratings agency Moody’s has revised Trinidad and Tobago’s outlook from stable to negative, citing short-term risks tied to falling official foreign exchange reserves.

This marks the second time in three months that an international ratings agency has revised the country’s outlook from stable to negative.

However, Finance Minister Davendranath Tancoo yesterday pushed back on the timing of the move, saying that Moody’s acted “too prematurely” before the Government’s new fiscal and growth measures could take effect.