BRIEF-S&P Affirms Trinidad And Tobago's 'BBB-' Rating , Outlook Revised To Negative From Stable

BY Reuters | CORPORATE | 09/25/25 03:41 PM EDT

Sept 25 (Reuters) - S&P:

* S&P: TRINIDAD AND TOBAGO 'BBB-' RATING AFFIRMED, OUTLOOK REVISED TO NEGATIVE FROM STABLE ON ONGOING WEAKNESS IN FINANCES

* S&P: TRINIDAD AND TOBAGO'S FISCAL, EXTERNAL BUFFERS HAVE BEEN GRADUALLY WEAKENING OVER TIME; LONG-TERM ECONOMIC GROWTH HAS BEEN LOW

* S&P ON TRINIDAD AND TOBAGO: NEGATIVE OUTLOOK REFLECTS VIEW THERE IS AT LEAST ONE-IN-THREE CHANCE WE COULD LOWER RATINGS OVER THE NEXT 6-24 MONTHS

* S&P: EXPECTS TRINIDAD AND TOBAGO'S ECONOMIC GROWTH TO REMAIN WEAK FOR NEXT 2 TO 3 YEARS AS OIL & GAS PRODUCTION HAS FALLEN IN RECENT YEARS

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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