Port-of-Spain: International ratings agency Standard and Poors has affirmed this country's AA1 and local currency ratings saying while economic recovery has been slower than expected.
The fiscal performance, however, remains strong.
The stable outlook is based on the Standard and Poor's expectations of prudent policy making, including containing fiscal deficits, promoting economic growth and diversification, while at the same time addressing financial risks including outstanding Clico issues and regulatory deficiences in a timely manner.
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