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BRIEF-Moody's assigns BAA3 rating to Trinidad, Tobago's USD$1 bln 2026 bond
July 29, 2016 / 8:31 PM / a year ago

BRIEF-Moody's assigns BAA3 rating to Trinidad, Tobago's USD$1 bln 2026 bond

July 29 (Reuters) - Moody’s on Trinidad And Tobago’s USD $ 1bln 2026 Bond -

* Government’s issuer rating is Baa3 with a negative outlook

* Trinidad & Tobago’s Baa3 ratings reflect low GDP growth, exposure to oil-related shocks, data limitations, weak fiscal policy execution capacity

* Moody’s assigns a Baa3 rating to Trinidad and Tobago’s USD$1 billion 2026 bond

* Outlook reflects lack of visibility on effectiveness of fiscal consolidation efforts

* “Possibility that government support in form of loan guarantees to petroleum company of Trinidad & Tobago could be higher than currently assumed” Source text for Eikon:

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