Dr Keith Rowley

‘In difficult times’: Prime Minister Dr Keith Rowley speaking to his party’s supporters on Tuesday night at the Pleasantville Community Centre, San Fernando. 

Our ratings have dropped a notch, but we more or less have held our own.

This was the response of Prime Minister Dr Keith Rowley to Tuesday’s downgrade of Trinidad and Tobago by the rating agency, Standard and Poor’s (S&P).

Speaking on Tuesday night at a political meeting in Pleasantville, Rowley said: “Trinidad and Tobago is in difficult times. Remember we were on the brink of collapse, today they reported our rating has dropped one level from BBB+ to BBB. We are still at investment grade...But they have upgraded our outlook from negative to stable,” he said, to applause.

He said the reason for this was because of this country’s stable external profile and stable democracy. “They (the rating agency) also say it reflects on the country’s solid level of Government financial assets and good fiscal and external performance,” he added.


Atlantic LNG’s liquefaction Train 1 could be back up and running as early as next week, says Atlantic’s chief executive officer Dr Philip Mshelbila. Mshelbila said yesterday that the company is currently doing a maintenance or turnaround (TAR) of Train 1 to extend its operational life.

BP Trinidad and Tobago (BPTT), this country’s largest gas producer, says it is working on mitigating and slowing the rate of the gas production decline it forecast earlier this year.

An interview with chairman of the National Gas Company, Conrad Enill on what it means for the company and the country. LAST week, Yara Trinidad Ltd (YTL), one of the energy industry’s downstream companies that produces ammonia, announced its decision to close one of the three plants that it operates on the Point Lisas Industrial Estate by December 31.

JUST over three years old and already one of the fastest growing fintech companies in the region, T&T-based digital payment solutions company, WiPay, is already thinking of going public, by listing its shares on a stock market next year.

So said Sieunarine Coosal, Group Executive Chairman, Coosal’s Group of Companies, in accepting his induction into the Trinidad and Tobago Chamber of Industry and Commerce Business Hall of Fame last Friday.

COUNTRIES IN the Caribbean and Latin America, including Trinidad and Tobago, have set a collective goal of 70 per cent of renewable energy (RE) by 2030, the most ambitious plan in terms of a global regime.