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Mar 25, 2021
Government taking on even more debt

Imma just rest this here in case allyuh forget:

"We could lower the rating over the next 12-24 months should lower oil and gas prices, or the effects of COVID-19 on demand, contribute to a larger economic contraction; a deterioration of external liquidity or debt beyond our current expectation, should balance of payments outflows be larger than expected; or a weaker fiscal position; and if we believe that the government will take longer to unwind the deterioration in public finances expected this year, causing larger increases in the net general government debt or interest burden."

- Standard & Poor's (S&P) when they downgraded T&T's credit rating in March 2020.


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