International rating agency Moody’s has upgraded Trinidad and Tobago’s outlook from Negative to Stable, while affirming the country’s Ba2 credit rating.

The Ministry of Finance says the outlook upgrade reflects growing international confidence in Trinidad and Tobago’s economic direction. It follows the recent IMF Article IV consultation, which also pointed to an improving fiscal position and sustainable debt levels.

Moody’s cited stronger external prospects and the Government’s debt management strategy, including a January bond issuance that improved the country’s debt repayment profile. The agency also noted that Trinidad and Tobago maintains substantial financial buffers through the Heritage and Stabilisation Fund and foreign reserves.