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Finance Minister Davendranath Tancoo has dismissed what he described as fear-mongering over the latest ratings action from Standard & Poor’s (S&P), saying that spreading alarm has long been a pastime of PNM puppets and puppeteers.
On Thursday, global rating agency Standard & Poor’s (S&P) revised the country’s outlook from stable to negative, while affirming its ratings on T&T at ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings.
In a news release yesterday, Tancoo said too many citizens have been conditioned to expect the worst, when a more balanced and objective assessment of the situation shows that Trinidad and Tobago continues to hold firm international credibility.
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