Standard & Poor's credit rating for Trinidad and Tobago stands at BBB+ with negative outlook. Moody's credit rating for Trinidad and Tobago was last set at Ba1 with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Trinidad and Tobago thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Trinidad and Tobago as reported by major credit rating agencies.



AgencyRatingOutlookDate
TE57 Stable Apr 28 2018
S&PBBB+ Negative Apr 28 2018
TE57 Stable Apr 28 2018
TE60 Stable Apr 25 2017
Moody'sBa1 Stable Apr 25 2017
TE60 Stable Apr 25 2017
S&PBBB+ Stable Apr 21 2017
TE62 Negative Apr 21 2017
TE62 Negative Apr 21 2017
TE65 Negative Apr 22 2016
TE65 Negative Apr 22 2016
S&PA- Negative Apr 22 2016
TE65 Negative Apr 16 2016
TE68 Stable Apr 16 2016
TE65 Negative Apr 16 2016
TE67 Negative Apr 15 2016
Moody'sBaa3 Negative Apr 15 2016
TE67 Negative Apr 15 2016
TE67 Negative Mar 04 2016
Moody'sBaa2 Negative Watch Mar 04 2016
TE67 Negative Mar 04 2016
TE67 Stable Dec 24 2015
S&PA Negative Dec 24 2015
S&PA Negative Dec 24 2015
TE67 Stable Dec 24 2015
TE70 Stable Apr 30 2015
Moody'sBaa2 Negative Apr 30 2015
TE70 Stable Apr 30 2015
TE70 Stable Apr 22 2014
TE70 Stable Apr 22 2014
TE70 Stable Mar 21 2014
TE70 Stable Mar 21 2014
TE70 Stable Oct 15 2013
TE70 Stable Oct 15 2013
TE70 Stable Jul 18 2013
TE70 Stable Jul 18 2013
TE70 Stable Jun 10 2013
TE70 Stable Jun 10 2013
TE70 Stable Nov 28 2011
TE70 Stable Nov 28 2011
TE70 Stable Aug 05 2011
TE70 Stable Aug 05 2011
TE70 Stable Aug 02 2011
TE70 Stable Aug 02 2011
TE70 Stable Jul 14 2011
TE70 Stable Jul 14 2011
TE70 Stable Jul 13 2011
TE70 Stable Jul 13 2011
TE70 Stable Apr 18 2011
TE70 Stable Apr 18 2011
S&PA Stable Sep 14 2009
TE70 Negative Watch Sep 14 2009
TE70 Negative Watch Sep 14 2009
TE70 Stable Feb 03 2009
TE70 Stable Feb 03 2009
S&PA Negative Watch Feb 03 2009
S&PA Stable Aug 15 2008
TE67 Positive Aug 15 2008
TE67 Positive Aug 15 2008
S&PA- Positive Sep 27 2007
TE67 Stable Sep 27 2007
TE67 Stable Sep 27 2007
TE65 Stable Jul 13 2006
Moody'sBaa1 Stable Jul 13 2006
TE65 Stable Jul 13 2006
TE62 Stable Aug 09 2005
Moody'sBaa2 Stable Aug 09 2005
TE62 Stable Aug 09 2005
TE60 Positive Jul 21 2005
TE60 Positive Jul 21 2005
S&PA- Stable Jul 21 2005
S&PBBB+ Positive Jun 16 2004
TE57 Stable Jun 16 2004
TE57 Stable Jun 16 2004
TE55 Positive Apr 02 2003
TE55 Positive Apr 02 2003
S&PBBB Stable Apr 02 2003
S&PBBB- Positive Feb 26 2002
TE55 Stable Feb 26 2002
TE55 Stable Feb 26 2002
TE55 Stable Sep 21 2000
TE55 Stable Sep 21 2000
TE52 Stable Apr 06 2000
TE52 Stable Apr 06 2000
Moody'sBaa3 Stable Apr 06 2000
Moody'sBa1 Positive Watch Jan 11 2000
TE52 Stable Jan 11 2000
TE52 Stable Jan 11 2000
TE50 Positive Sep 13 1999
S&PBBB- Stable Sep 13 1999
TE50 Positive Sep 13 1999
TE50 Positive Apr 01 1996
TE50 Positive Apr 01 1996
S&PBB+ Positive Mar 14 1996
TE50 Stable Mar 14 1996
TE50 Stable Mar 14 1996
TE50 Stable Nov 13 1995
TE50 Stable Nov 13 1995
TE45 Stable Oct 10 1995
Moody'sBa1 Stable Oct 10 1995


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 60
B- B3 B 28
B B2 B B 31
B1 B+ 35
BBB+ BBB- 60
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 50
BB+ Baa3 52
B+ B2 BB- 36
BB- Ba3 BB- 40
SD Caa3 15
B B3 B 26
AA Aa3 AA- AA (high) 88
B- B3 20
B+ N/A 30
A+ A2 N/A 78
BB- Ba3 BB- 41
B B3 28
A- A2 72
BB- Ba2 BB- BB (low) 42
BBB- Baa2 BBB 58
B 25
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 30
Aa3 85
A+ A1 A N/A 80
A+ A1 A+ A (high) 81
BBB- Baa2 BBB BBB 58
CCC+ B3 22
BB- Ba2 BB 43
BB+ Ba2 BB+ 48
Caa2 15
BBB- Ba2 BBB- BB 48
AA- A1 AA- 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 38
B- B3 B- 26
B B3 B 28
CCC+ B3 B- 21
AA- A1 AA- AA (low) 81
B B1 B 31
AA Aaa AAA AAA 98
B+ Ba3 35
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 92
N/A Caa1 B 26
BB- Ba2 BB- 41
AAA Aaa AAA AAA 100
B B3 B 26
B+ B3 BB- B (high) 30
SD
BB- Ba1 BB 46
BB- B1 35
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 55
A A3 A 73
BBB- Baa2 BBB- BBB 56
BBB- Baa2 BBB 56
B- Caa1 B- 25
A+ A2 A+ A (high) 76
N/A Aa2 92
AA- A1 A+ 80
BBB Baa3 BBB BBB (high) 62
Ba3 B+ 38
B B3 B 28
A+ A1 A A 77
B+ B1 37
BBB- Baa3 BBB 56
B+ B2 B+ 35
AA Aa2 AA 90
NR B2 30
A A3 A- A (low) 70
B- B3 B- 28
B+ 35
AAA 100
A A3 A- A (low) 71
AAA Aaa AAA AAA 100
Aa3 AA 85
BB- BB 42
A- A3 A- 70
B2 B+ 32
A- A3 A+ A (high) 73
Baa1 65
BBB+ A3 BBB+ BBB (high) 65
B3 25
B B3 B 26
B+ B1 35
BBB- 55
BBB- Ba1 BBB- 53
SD Caa3 RD 12
Ba1 BB+ 52
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B2 B 30
B B2 B+ 31
AAA Aaa AAA AAA 99
BB Baa3 BBB- 53
B B3 B 28
BBB Baa2 BBB 60
B B2 32
BB Ba1 BB 46
BBB+ A3 BBB+ N/A 65
BBB Baa2 BBB 60
A- A2 A- A 71
BBB- Baa3 BBB BBB 56
D 0
AA- Aa3 AA- 85
B- Caa2 CC 23
BBB- Baa3 BBB- 55
BBB- Ba1 BBB- 51
B B2 B+ 31
BBB- 55
A- A1 A+ 78
B+ Ba3 37
BB Ba3 BB 38
BB- 40
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 78
A+ Baa1 A- A 72
B3 25
BB Baa3 BB+ 50
AA Aa2 AA- 86
A- Baa1 A- A 68
B+ B1 B+ 35
B3 25
B B2 B- 28
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3
B1
BBB+ Baa1 BBB+ 65
BBB+ Ba1 57
N/A B2 B+ 35
B+ Ba3 BB BB (high) 43
B B2 B+ 33
B- Caa2 B- 20
AA Aa2 AA 90
AA Aa2 AA AAA 93
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
SD C RD 12
BB- Ba3 BB 40
B- Caa1 B- 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com


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Trinidad and Tobago - Credit Rating