By Asha Javeed
May 02, 2015 – trinidadexpress.com
Trinidad and Tobago has suffered a big blow to its status as the place to invest in the Caribbean after international agency Moody’s downgraded the country’s credit rating from stable to negative.
Moody’s on Thursday downgraded Trinidad and Tobago’s Government bond rating and issuer rating to from Baa1 to Baa2.
The ratings are used and considered by international investors looking to do business in T&T.
Moody’s justification for the downgrade, which happened on Thursday, are:
Continue reading T&T suffers big blow
Moody’s Investors Service, the credit rating agency that conducts international financial research on bonds issued by commercial and government entities on Thursday downgraded Trinidad and Tobago’s government bond rating, and issuer rating to Baa2 from Baa1 and changed the outlook to negative from stable.
In April 2014 Jaishima Leladharsingh said in an insensitive Facebook comment said that he was “glad (ANR) Robinson (had) gone forever.” Soon after, he launched a racial assault on Anthony McLeod, whom he didn’t know but who he obviously thought was black. McLeod’s photo in fact shows him a mixed race person. Leladharsingh was clearly misled by the name: he must have assumed that Anthony looked like Errol. The Minister should take note.