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INTERNATIONAL ratings agency S&P Global Ratings has revised Trinidad and Tobago’s outlook to negative from stable, warning that the country’s credit rating could be downgraded as early as next year.

S&P has cited weakening Government finances, declining oil and gas output, and sluggish economic growth as key risks.

A negative outlook signals that the Government’s finances are under pressure, which could eventually affect jobs, public services, and the cost of living.