Trinidad and Tobago — Sovereign Signal
BT-SFS 48.4/100 · BB+ · 182bps over Treasuries
Score and market snapshot
Trinidad and Tobago trades 16bps wide of its fundamentals fit (fitted spread 166bps).
| Field | Value |
|---|---|
| BT-SFS | 48.4 / 100 |
| Rank | 30 of 51 |
| Composite rating | BB+ |
| Agency ratings | Moody's Ba2 · S&P BBB- |
| Benchmark USD bond | TRITOB 6.5 36 |
| Spread over Treasuries | 182bps |
| Yield to worst (S.A.) | 7.01% |
| Duration | 6.7y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 39.2 |
| External | 29.3 |
| Macro | 56.9 |
| Institutions | 68.1 |
The ten metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Reserves, months of imports | External | 5.7 mo | 29.3 | World Bank | 2024 |
| General government debt / GDP | Fiscal | 84.1% | 0.0 | IMF | 2026 |
| FX public debt / GDP | Fiscal | 26.1% | 56.8 | IMF staff report / Eurostat | 2025–2026 |
| Net interest / revenue | Fiscal | 12.3% | 63.9 | IMF | 2026 |
| Primary balance / GDP | Fiscal | -0.8% | 49.1 | IMF | 2026 |
| Governance (WGI GE + RQ) | Institutions | 54.8 | 50.1 | WGI | 2025 |
| Inflation track record | Institutions | 3.8% | 95.1 | IMF | 1997–2026 (h=10) |
| Real GDP growth, centred 3-year | Macro | 1.5% | 22.0 | IMF | 2025–2027 |
| GDP per capita, USD | Macro | $18,616 | 91.3 | IMF | 2026 |
| Growth volatility, 10-year | Macro | 3.8pp | 34.5 | IMF | 2016–2025 |
Score history
Applying the current methodology to historical sources, Trinidad and Tobago moves from 57.7 in 2016 to 48.4 in 2026 (-9.3 points over ten years).
Default and restructuring registry
No bond default or restructuring events in the registry window.
Frequently asked questions
What is Trinidad and Tobago's sovereign credit score?
Trinidad and Tobago scores 48.4/100 on the BT Sovereign Fundamentals Score, ranking 30 of 51 sovereigns covered. The score is built from ten public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Trinidad and Tobago USD bond does BondTerminal track?
TRITOB 6.5 36 (ISIN USP93960AL92), the near-5-year USD benchmark, currently 182bps over Treasuries with a 7.01% yield to worst (S.A.).
Is Trinidad and Tobago trading wide or tight of its fundamentals?
Trinidad and Tobago trades 16bps wide of its fundamentals fit (fitted spread 166bps).