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RE-FURBISHMENT California Youth Facility
UML wrote:Redman wrote:Well done Shane
Deleted the chq..I have no verification.
My apologies
yuh shuould of think about verification before posting
Just like Calcutta Ship and RowleyGate you have already done the damage and okay with apologising after it has been done.
Well we still waiting on an apology for RowleyGate.
UML wrote:Development in the East West Corridor
The following projects have been done under the PP Government in The East West Corridor:
1. UWI Costatt Campus – SANGRE GRANDE
2. New Arima Hospital (under construction) – ARIMA
3. Completed the Churchill-Roosevelt Highway Extension - ARIMA
4. New Arima Police Station – ARIMA
5. Valencia bypass Road - VALENCIA
6. New Walkover – OROPUNE
7. New Walkover – MALONEY
8. St. Barbara's Spiritual Shouter Baptist Primary School - MALABAR
9. Nursing Academy – EL DORADO
10. Tunapuna Promenade – TUNAPUNA
11. Upgraded Tunapuna Market – TUNAPUNA
12. National Tennis Complex (under construction) - TACARIGUA
13. Churchill Roosevelt Highway/Uriah Butler Highway Interchange – GRAND BAZAAR
14. Completion of the Aranguez Overpass – ARANGUEZ
15. National Oncology Centre (under construction) – MT. HOPE
16. Mango Rose Homework Centre – EAST PORT OF SPAIN
17. Upgrade of the Blanchisseuse Police Station
18. Diego Martin Highway Extension – DIEGO MARTIN
19. Diego Martin Technology Centre - DIEGO MARTIN
20. Chaguaramas Boardwalk and Recreation Facility - CHAGUARAMAS
21. New D’Abadie Bridge (B1/23) – D’ABADIE
22. New bridge B1/14 Churchill Roosevelt Highway - TRINCITY
23. Creation of three lanes out of Port of Spain by building a third lane on Bridge at Sea Lots
24. Creation of Roundabout at Lok Jack School of Business
25. Repairs to the Blanchisseuse Road improving connection to Asa Wright Nature Center
26. St Joseph River Bridge being reconstructed
27. Valencia Stretch repaved along with several sections of Eastern Main Road as well as widening of CR HIghway into three lanes going East
28. Upgrades to Hollis Main for an improved water supply along corridor
29. Water projects to expand pipe borne supply 24/7 for all.
30. Wastewater treatment plants in Matura, Arima, POS
31. The reconstructed bridge 2/10 Toco Main Road
32. New Bridge 1/47 Paria Main Road, Matelot
33. State of the art Carenage Health Centre
34. New Maloney Police Station
35. New Bridge Valencia Main Road, Valencia
36. THE VALENCIA VISITOR CENTRE
37. Paramin Primary School
38. St Peter's RC Primary, former the Pt Cumana Primary
39. Febeau Primary School
40. Arima New Government Primary School
41. Rose Hill RC Primary School, Laventille
42. Morvant ECCE School
43. Morvant pavilion upgrade
44. Public Access Learning Systems (PALS) at Sea Lots
45. Sea Lots Community Centre
46. St Augustine South Government ECCE Centre
47. El Socorro South Government ECCE Centre
48. Santa Rosa Government ECCE Centre
49. Sangre Grande Government ECCE Centre
50. La Puerta Government ECCE Centre
51. Valsayn Government ECCE Centre
52. Petit Valley Government ECCE Centre
53. Tacarigua Government ECCE Centre
54. El Socorro North Government ECCE Centre
55. Salybia Government ECCE Centre
56. Lopinot/La Pastora ECCE Centre
57. Maloney Government ECCE Centre
58. Valencia Government ECCE Centre
59. St Augustine ECCE Centre
60. Maraval ECCE Centre
61. Oropune Gardens ECCE Centre
62. Caura Royal Road ECCE Centre
63. Bon Air West ECCE Centre
64. Malabar ECCE Centre
65. La Horquetta ECCE Centre
66. Aranguez Early Childhood Care and Education (ECCE)
67. Mt Hope Government ECCE Centre
68. BICHE PRESBYTERIAN PRIMARY SCHOOL
69. ARANGUEZ NORTH SECONDARY SCHOOL
]
Official Opening of the Valencia Bypass Road
The new Valencia Bypass Road was officially opened on Friday November 28, 2014 by the Honourable Prime Minister of Trinidad and Tobago Mrs. Kamla Persad Bissessar and the Minister of Works and Infrastructure the Honourable Dr. Suruj Rambachan.
The road is expected to assist in eliminating traffic at the Valencia junction, a nuisance that has plagued motorists travelling in that vicinity for many years.
The new road, however, brings about new routes which motorists will have to follow, depending on what direction of the country they are coming from.
Drivers are asked to follow signs on the new routes, which are as follows:
NEW ROUTES
CHURCHILL ROOSEVELT HIGHWAY TO SANGRE GRANDE
Motorists heading to Sangre Grande from CRH would proceed as follows:
Head NORTH along Antigua Road then TURN RIGHT onto Barbuda Extension
Proceed EAST to Roundabout A
Enter Roundabout A and take the SECOND EXIT onto Valencia Bypass
Proceed EAST to Roundabout B
Enter Roundabout B and again take the SECOND EXIT to head SOUTH to Sangre Grande
SANGRE GRANDE TO CHURCHILL ROOSEVELT HIGHWAY
Motorists heading to CRH from Sangre Grande would proceed as follows:
Head NORTH along Eastern Main Road toward Roundabout B
Enter Roundabout B and take the FIRST EXIT turning LEFT onto Valencia Bypass
Proceed WEST to Roundabout A
Enter Roundabout B and take the FIRST EXIT onto Barbuda Extension
Proceed WEST and TURN LEFT onto Antigua Road to head SOUTH to CRH
ARIMA TO SANGRE GRANDE
Motorists heading to Sangre Grande from Arima would proceed as follows:
Head EAST along Eastern Main Road and TURN RIGHT at Silica Road intersection. Antigua Road would be one way NORTH between Barbuda Road and EMR so turning onto Antigua Road from EMR would be prohibited.
Proceed SOUTH to Roundabout A
Enter Roundabout A and take the FIRST EXIT turning LEFT onto Valencia Bypass
Proceed EAST to Sangre Grande as previously described
SANGRE GRANDE TO ARIMA
Motorists heading to Sangre Grande from Arima would proceed as follows:
Head WEST along Valencia Bypass to Roundabout A
Enter Roundabout A and take the SECOND EXIT onto Silica Road. Motorists MUST exit at Roundabout A to get to the EMR because there would be NO RIGHT TURNS allowed from Barbuda Road onto Antigua Road
Proceed NORTH and TURN LEFT onto EMR and proceed to Arima
Other Routes
Motorists heading WEST along the EMR wishing to access the CRH can use Cumuto Road.
Motorists wishing to go to Valencia from CRH would proceed as they now do.The EMR would remain open with the existing traffic configuration.
via - 103fm.net
Newly Built Play Park at Antilles Trace Ground
Oropouche West Constituency
Commissioning of Lights at Doorbassa Trace Ground
New MET Building, Tobago (Under Construction)
The negative growth left by the PNM was a result of the Global Depression. Nearly every govt had negative growth. With the largest revenues every received, this govt struggled to get any growth above 3% which is the benchmark of substantial growth.UML wrote:Bezman wrote:UML wrote:From negative growth and investors leaving under the PNM
To POSITIVE growth and new investments.
No no no eh
So the PNM left T&T with negative growth after an oil boom and the PPG turned it to positive growth during lower oil prices as compared to an oil boom right?
Habit7 wrote:The negative growth left by the PNM was a result of the Global Depression. Nearly every govt had negative growth. With the largest revenues every received, this govt struggled to get any growth above 3% which is the benchmark of substantial growth.UML wrote:Bezman wrote:UML wrote:From negative growth and investors leaving under the PNM
To POSITIVE growth and new investments.
No no no eh
So the PNM left T&T with negative growth after an oil boom and the PPG turned it to positive growth during lower oil prices as compared to an oil boom right?
Drainage at Henry Pierre Terrace St Augustine
Done under URP Region 4
THE WATER and SEWERAGE AUTHORITY (WASA) ... $600 MILLION LOAN SCANDAL.Drainage Mission Road Oropune
Bezman wrote:UML. i feeling real sorry for you..
$400,000,000,000 TTD in 5 years... what do we have to show for it under PP??
Bezman wrote:a small clip from FB
1) THE FOREIGN EXCHANGE .... SCANDAL .. “Despite selling US$1.7 billion to the banking system in 2014, significant unsatisfied demand carried over into the start of 2015. Jwala Rambarran said since the start of the year (2015) he had supported the market with US$1.4 billion and for the corresponding period last year it sold US$865 million.
The Central Bank said for the first seven months of this year, US$3 billion came to the market in supply, while the demand was US$4.3 billion
It added that for the corresponding period in 2014 the inflows were US$3.2 billion, while demand was US$4 billion.
The Central Bank said for this year to July 31 “inflows dropped by $300 million while demand increased by US$360 million dollars.”
The bank said it had met the shortfall and had put “US$524 million more into the market this year than last year.” ( Allegations was made that the arrangements which was in place over the years was “SECRETLY” change.... NO REASONS WAS GIVING FOR THE CHANGES ,..SHORTAGE,.. OR WHO BENEFITED FROM THE SECRET CHANGES...
THIS SHORTAGE COULD BE CAUSE BY "MONEY LAUNDERING" "DRUG DEALING" AND FRAUDULENT DEALINGS..
KAMLA AND HER UNC MISFITS SPEND OVER $400 BILLION DOLLARS ($400’000’000’000.00 dollars) PLUS IN BUDGETS EXPENDITURE OVER ( 2010 – 2014) (which no other governments has ever spend in (3terms 15 years) AND THEY HAVE VERY LITTLE TO SHOW FOR IT.. ... PLUS THE DEFICITS HAVE MOVE FROM $60 BILLION TO OVER $120 BILLION DOLLARS IN DEBTS.
.
THE LAST ADMINISTRATIONS IN 3 TERMS (15 YEARS) SPEND ONLY $280 BILLION
2) $120 MILLION IN 2015 BUDGET FOR THE BABY GRANT FUND... WHEN IT ONLY REQUIRE $20 MILLION..... $100 MILLION GONE!!!
3) THE 7.6 BILLION DOLLAR ($7,600.000.000.00) HIGHWAY PROJECT ... ($37.5 MILLION DOLLARS PER MILE) ($37’500.000.00 dollars per mile) (This Project was Originally 5.2 billion dollars, where did this 7.6 billion dollars came from?? and there is no explanations for the extra 2,4 BILLION DOLLARS)
4) THE AWARDING OF THE BEETHAM 1.6 BILLION DOLLAR.($1.600.000.000.00 dollars) WASTE WATER PLANT TO THE ONE THAT IS REPORTED OVER 400 MILLION DOLLARS ($400’000’000.00 dollars) MORE THAN THE SECOND BIDDER .... SCANDAL
5) THE GOVERNMENT “LIFE SPORT PROGRAMMES” OVER 400 MILLION DOLLARS ($400,000,000.00 dollars) .... SCANDAL....
6) THE 5.5 BILLION DOLLARS. ($5.500’000’000.00 dollars) INVADERS BAY PROJECT..... SCANDAL
7) THE CHAGUARAMAS DEVELOPMENT AUTHORITY (CDA) LAND GRABBING & GIVE -AWAY OF THE PEOPLE’S PRIME LAND AT ($70.00 per sq,ft.) TO THEIR FRIENDS & SUPPORTS UNDER THE DISGUISE OF LAND DEVELOPMENT .. SCANDAL. (Lands and properties that are valued at over & $100 million dollars was given away (as reported) for only $30 million dollars.)
9) RATS IN THE STATE OWN “FIRST CITZEN BANK”OVER $800 MILLION DOLLARS IPO.... SCANDAL .. (GOD HELP US ALL AS THEY OPEN THE PHOENIX PARK 1.8 BILLION DOLLARS.. IPO) .. AND WE YET TO KNOW ABOUT THE DISPOSAL OF THE “CLICO” ASSETS THAT WORTH BILLIONS OF “OUR” DOLLARS.
10) RATS IN THE (2010 – 2014) AG $408 MILLION DOLLARS ( $408’000’000.00 dollars) IN LAWYERS FEE ( Plus the $100 Million dollars that was allocated in the 2015 budget.) .. SCANDAL. (No amount was given for the other Ministries and State Enterprises which fall under the AG office. That amount could be in the billions of dollars)
11) $36.2 Million in rent.... The taxpayer has paid $26.6 million between December 2012 and September 2014 for a building in Barataria which is not being used.
This is according to the Auditor General's Report for 2014 and confirmed by Minister in the Ministry of Finance Rudy Indarsingh in the House of Representatives yesterday, at Tower D, International Waterfront Centre, Port of Spain... It means the monthly rental is approximately $1.2 million. Indarsingh revealed the Government continues to pay for the empty, unused property, which means an additional $9.6 million in rent has been paid between October 2014 and May 2015. This, added to the $26.6 million, would take the total figure to $36.2 million.
12) $96.9 million in overpayments.... The leakage of funds from government ministries and departments continues to be a major concern to the Auditor General in the wake of the discovery of over $96.9 million in overpayments related wages and entitlement to public sector workers over the past four years.
13) Some 74 blank cheques have “disappeared” from the Ministry of Tourism along with 12 other cheques totalling $844,492.15.
This was among a number of startling revelations contained in the Auditor General Majeed Ali’s 2014 Report into the Public Accounts of T&T.
14) WHERE THIS MONEY.. $7 billion dollars... WAS SPEND ?????.. It was reported that over $7 Billion dollars was allocated to the HDC 2010 – 2014 to build houses, but approximate only 1000 or less was build. The last administration expenditure was $5 Billion dollars and built over 26,000 houses.. All the houses that Mr, Moonilal are distributing now, was built by the last administration five (5) years ago...
15) $200 Million Spending Spree.. Audit finds company exposed to criminal probes, litigations, penalties... Failure by the corporate com¬mu¬ni¬cations depart¬ment of the National Gas Company (NGC) to ade¬quate¬ly account for how its budget ballooned from $67 million in 2012 to almost $200 million in 2014 has potentially left the management and board “exposed to criminal and integrity probes, litigations, penalties, fines and reputa¬tional damage”.
16) $24m payout for energy company
THE terms outlined in a High Court US$8 million consent order settlement have been varied with former attorney general Anand Ramlogan giving clearance for an additional US$4,023,811.70 ($24 million) deal to be brokered between the National Gas Company (NGC) and Trinidad Energy Investment Ltd (TEIL).
17) Company with no legal expertise awarded $1.7m contract under ex-AG’s office
The Office of the Attorney Gene¬ral retained the services of a company with no legal expertise among its directors to give advice relating to mutual legal assistance by the United States of America.
The company, Tiger Capital Ltd, was paid $1,750,000 on Novembe¬r 18, 2014, for advice, despite having no legal expertise.
18) THE STATE ENERGY COMPANY “PETROTRIN” WITH A 346 MILLION DOLLARS LOSE FOR 2014 AND 14.4 BILLION DOLLARS IN DEBTS.. yet in spite of that, four managers from the State energy company Petrotrin was reported given over $20 million dollars in exit payments shortly after the completion of an investigation into what caused the rupture of oil tank MP 6, resulting in 17,000 barrels of oil being spilt into the Guaracara River last July, destroying the environment, and displacement of people’s lives.
Bezman wrote:400 BILLION en UML
you do not understand what that means...
THE LAST ADMINISTRATIONS IN 3 TERMS (15 YEARS) SPEND ONLY $280 BILLION
there is NO list you can bring that can amount to $400,000,000,000 spent.
FOR NEARLY two years Jim John (not his real name) claimed he cashed close to $2 million in cheques for the LifeSport programme and has never lifted a finger to work in it.
The LifeSport programme is currently being audited by the Ministry of Finance and has been transferred from the Ministry of Sport to the Ministry of National Security following allegations of financial impropriety, ghost gangs and ghost companies.
The man from East Trinidad spoke exclusively with CCN last week at Express House in Port of Spain on the condition that his identity be concealed as he feared for his life.
He said he and many others were only being used as pawns in the multi-million-dollar game.
“We are being used as scapegoats and the youths them need to know and realise that and that is causing plenty of the killings. This LifeSport, you know how much killing that cause and still going on?” he said.
John said he was enticed into getting into the fast money business by Curtis Gibson, who was shot dead a few weeks ago for his alleged involvement in the LifeSport programme.
“It is easy money. I not accustom working nowhere, is easy money it eh no robbery, no killing nobody, but then I really get chain up because if a man come and tell you that you can eat ah $300,000 or $400,000 and it have no crime in it you will do it, anybody will do it, nobody can’t say they will not do it,” he said.
Providing CCN with what he called evidence, he brought some copies of the already cashed government cheques made out in his name, one totalling almost quarter of a million dollars and the other $173,500, both bearing the signatures of two officials in the Ministry of Sport.
He explained that only he could have cashed the cheques as they were crossed with “account payee only”.
The Express contacted one of the main officials whose name appeared on the cheques as a signatory but his lawyer said he would not make any comment.
The arrangement, John said, was simple. Cash the cheques and take a five per cent cut, while the rest he claimed was collected a few days later by top-ranking officials whom he sometimes met in the company of Gibson at the Hyatt Regency hotel, at Westmall or at certain restaurants in East Trinidad.
“We wait for some days to change the money, we cyar do it right away and when the money done change he (Gibson) pick me up and we went by the gangster house. We would meet a certain Government official in a restaurant and the money will pass to him. On average I cashed about eight cheques, close to $2 million...it was $100,000, $300,000, nothing cross $500,000. They say the reason for that is not to raise eyebrows,” John said.
The man who lives in a community torn by crime says the premise of the LifeSport programme was to ease the violence by giving gangsters hush money to stay in check. “It was a way of telling people who warring somebody to hold dey hand. You know it had good intentions but fellas not seeing the good intentions, meaning in the sense it was a use thing...saying you all stay cool and we give you some LifeSport money to cool yourself.”
He says his motivation for also cashing the cheques was the promise by officials that he would later be given a cheque for close to half a million dollars, but that never materialised.
He boasted how easy it was to land the money from the pockets of taxpayers.
“We would sign for it and you get it...you just walk in the building and sign for it and get it. I never done any work for LifeSport or Ministry of Sport. Never! You can do your own investigation and see...never, never, what work we did and tell me what work we did with taxpayers money. Show me what work we do,” John stated.
UML wrote:Bezman wrote:400 BILLION en UML
you do not understand what that means...
THE LAST ADMINISTRATIONS IN 3 TERMS (15 YEARS) SPEND ONLY $280 BILLION
there is NO list you can bring that can amount to $400,000,000,000 spent.
well if the PNM not doing anything and have NOTHING to show for it....the bigger concern is WHERE THE MORNEY GONE?!!!
You must THIEF less if you eh doing nothing
this is where i realize you're an idiot..
Drainage Upper Tunapuna Road urp Region 4
Laventille Youth Facility reopened
The Laventille Youth Facility is one of three such facilities opened yesterday. The other two were the St James Youth Facility and Malick Youth Facility.
Over the next few days, the ministry will also visit California Youth Centre, Yallery Street, California; Pt Lisas (December 17); and Los Bajos Youth Facility, Bennett Village, Los Bajos on December 19.
Retaining wall at Caurita Circular, Acono Maracas St Joseph
Minister Dr Rambachan and the pp gov't is delivering in every community in this country.
Rating Action: Moody's downgrades Trinidad and Tobago's government bond rating and issuer rating to Baa2 from Baa1, and changes the outlook to negative
Global Credit Research - 30 Apr 2015
New York, April 30, 2015 -- Moody's Investors Service has today downgraded Trinidad and Tobago's government bond rating and issuer rating to Baa2 from Baa1 and changed the outlook to negative from stable.
The key drivers behind the downgrade are:
1. Persistent fiscal deficits and challenging prospects for fiscal reforms.
2. Decline in oil prices and limited economic diversification to weigh negatively on economic growth prospects.
3. Weak macroeconomic policy framework given lack of a medium-term fiscal strategy; and inadequate provision of vital macroeconomic data.
At Baa2, the investment grade rating is supported by a strong government balance sheet, underpinned by the country's Heritage and Stabilization Fund (HSF), and also benefits from a moderate and affordable debt burden and a strong external position.
RATINGS RATIONALE
FIRST DRIVER -- Persistent fiscal deficits and challenging prospects for fiscal reforms
Trinidad and Tobago's fiscal accounts have been reporting recurring deficits on the order of 2-3% of GDP since 2009 after consecutive surpluses were observed over the previous eight years. Going forward, implementing fiscal reforms to put the government accounts on a more sound footing will likely be challenging in a context of low oil prices and potential spillover of low gas prices in the US to other markets. Furthermore, the lack of a medium-term fiscal framework and reliance on one-off measures to cut spending undermines the authorities' ability to achieve a durable turnaround in fiscal metrics. While Trinidad's Heritage and Stabilization Fund is an important element of the sovereign balance sheet, it has not been used as a counter-cyclical policy tool, thus limiting its ability to compensate for negative impact of adverse shocks in the economy. In addition, the rigid structure of public expenditure, where wages, subsidies, and transfers account for more than 65% of total expenditures, limits fiscal flexibility.
SECOND DRIVER -- Decline in oil prices and limited economic diversification to weigh negatively on economic growth prospects
Trinidad remains heavily reliant on the oil and gas-sector and, accordingly, economic activity and fiscal stability is predicated on its performance. Economic growth has slowed down in the post-crisis period as a result of maintenance-related disruption in gas production. Although normal production is likely to resume in 2015, the prospects of injecting new investments to boost growth appears challenging given the decline in oil prices, which are projected to remain below $60/bbl in 2015/16. We anticipate that maturing oil and gas fields will limit Trinidad's prospects of significantly increased hydrocarbon revenues in the medium-term. A return to higher pre-crisis growth rates is unlikely, a condition we think will be aggravated in the context of low energy prices. Given this, we project GDP growth will rebound to less than 2% in the medium-term.
THIRD DRIVER -- Weak macroeconomic policy framework given lack of a medium-term fiscal strategy; and inadequate provision of vital macroeconomic data.
Trinidad's institutional strength is assessed as moderate, based on the World Bank's governance indicators. However, its macroeconomic institutional capacity, including fiscal and monetary policy frameworks, are weaker than those observed in several other investment -grade peers. As a resource-rich country, the absence of a medium-term fiscal framework, coupled with a lack of debt management strategy, represent important policy shortcomings that place the country in a weaker standing relative to most Baa-rated peers. In addition, Trinidad compares poorly in terms of the quality of statistical information. Although some progress has been made to address this long-standing issue, we do not anticipate a rapid resolution and accordingly expect this condition will continue to be present, negatively impacting the country's relative standing in the Baa rating space .
OUTLOOK REVISED TO NEGATIVE
The negative outlook assigned to the country's Baa2 rating reflects the impact we expect the sharp drop in oil prices will have on both the Trinidadian economy and the fiscal accounts. Overall, we anticipate material reductions in government revenues, the current account surplus, and FDI flows that could further weaken the country's credit profile. Absent durable fiscal adjustment, debt metrics would also be expected to deteriorate. In addition, we note material implementation risks around the resolution of the severe data limitations, which is likely to take 18-24 months to implement.
WHAT COULD MOVE THE RATINGS UP/DOWN
Upward rating pressure could result from: (1) upward trend in oil prices that could lead to increased foreign investment in oil/natural gas exploration and production that substantially boosts hydrocarbon output and reserves; (2) improved fiscal policy framework by adopting a medium-term strategy and return to fiscal surpluses; and (3) integrating the Heritage and Stabilization Fund into a medium-term fiscal framework, and enhancing its role as a counter-cyclical fiscal tool.
Downward pressure on the rating could arise from: (1) lack of progress to address fiscal slippage in a durable medium-term strategy; (2) persistent low oil prices that limit prospects for deep-water oil and gas exploration; (3) further deterioration in data quality.
COUNTRY CEILINGS
As a result of this rating action, the long-term foreign currency bond ceiling changed to A3 from A1, while the short-term foreign currency bond ceiling changed to P-2 from P-1. The long-term foreign currency deposit ceiling changed to Baa2 from Baa1, while the short-term foreign currency deposit ceiling changed to P-3 from P-2. The long-term local currency bond and deposit ceilings at A3, and the short-term local currency bond and deposit ceilings at P-2 remain unchanged.
GDP per capita (PPP basis, US$): 30,197 (2013 Actual) (also known as Per Capita Income)
Real GDP growth (% change): 0.8% (2014 Actual) (also known as GDP Growth)
Inflation Rate (CPI, % change Dec/Dec): 9.0% (2014 Actual)
Gen. Gov. Financial Balance/GDP: -1.5% (2014 Actual) (also known as Fiscal Balance)
Current Account Balance/GDP: 8.3% (2014 Actual) (also known as External Balance)
External debt/GDP: 28.2% (2014 Actual)
Level of economic development: Low level of economic resilience
Default history: No default events (on bonds or loans) have been recorded since 1983.
On 29 April 2015, a rating committee was called to discuss the rating of the Trinidad & Tobago, Government of. The main points raised during the discussion were: The issuer's economic fundamentals, including its economic strength, have decreased. The issuer's institutional strength/framework has weakened relative to peers. The issuer's governance and/or management, have materially decreased. The issuer's fiscal or financial strength, including its debt profile, has weakened.
The principal methodology used in these ratings was Sovereign Bond Ratings published in September 2013. Please see the Credit Policy page on http://www.moodys.com for a copy of this methodology.
REGULATORY DISCLOSURES
For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the rating action on the support provider and in relation to each particular rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on http://www.moodys.com.
For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this rating action, and whose ratings may change as a result of this rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.
Please see http://www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Please see the ratings tab on the issuer/entity page on http://www.moodys.com for additional regulatory disclosures for each credit rating.
Samar Maziad
Vice President - Senior Analyst
Sovereign Risk Group
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Anne B Van Praagh
MD - Sovereign Risk
Sovereign Risk Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Releasing Office:
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Drainage Railway Road St. Joseph
Chaguaramas Phase 2 Boardwalk opening
Chaguaramas Boardwalk Phase 2.
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