Former Finance Minister Colm Imbert has accused the media of giving the UNC a “free pass”, after recent downgrades to the countryโs credit rating outlook.
In a post via X, Mr Imbert said if the PNM were in power, the media and other experts would have predicted an economic collapse.
In its latest ratings, both Standard & Poorโs and Moodyโs changed the countryโs outlook from Stable to Negative.
On December 12th, Moodyโs maintained T&Tโs Ba2 rating, citing strong fiscal buffers like the Heritage and Stabilisation Fund and expectations of positive oil and gas production by 2027.
However, the outlook was downgraded due to short-term risks, including a decline in the Central Bankโs foreign exchange reserves.
