Trinidad and Tobago — Sovereign Signal
BT-SFS 56.8/100 · BB+ · 194 bps over Treasuries
Score and market snapshot
Trinidad and Tobago trades 68 bps wide of its fundamentals fit (fitted spread 126 bps).
| Field | Value |
|---|---|
| BT-SFS score | 56.8 / 100 |
| Rank | 16 of 51 |
| Composite rating | BB+ |
| Agency ratings | Moody's Ba2 · S&P BBB- |
| Benchmark USD bond | TRITOB 6.5 36 |
| Spread over Treasuries | 194 bps |
| Yield to worst | 6.09% |
| Duration | 6.9y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 40.0 |
| External | 76.0 |
| Macro | 63.8 |
| Institutions | 52.1 |
The nine metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Current account / GDP | External | 3.8% | 85.4 | IMF | 2026 |
| International reserves, months of imports | External | 5.7 mo | 68.9 | World Bank | 2024 |
| General government debt / GDP | Fiscal | 84.1% | 22.9 | IMF | 2026 |
| Interest expense / revenue | Fiscal | 12.3% | 52.1 | IMF | 2026 |
| Primary balance / GDP | Fiscal | -0.8% | 45.8 | IMF | 2026 |
| WGI institutional composite | Institutions | -0.20 | 52.1 | WGI composite | 2024 |
| Real GDP growth | Macro | 0.8% | 8.3 | IMF | 2026 |
| GDP per capita, USD | Macro | $18,616 | 70.8 | IMF | 2026 |
| Inflation stress | Macro | 1.8% | 100.0 | IMF | 2026 |
Score history
Applying the current methodology to historical sources, Trinidad and Tobago moves from 56.8 in 2016 to 56.8 in 2026 (-0.0 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 56.8/100 on the BT Sovereign Fundamentals Score, ranking 16 of 51 sovereigns covered. The score is built from nine 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 194 bps over Treasuries with a 6.09% yield to worst.
Is Trinidad and Tobago trading wide or tight of its fundamentals?
Trinidad and Tobago trades 68 bps wide of its fundamentals fit (fitted spread 126 bps).
Related
- All 51 sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — every metric, weight, and transformation, in public.
- Guatemala — regional peer, BT-SFS 55.5 · 153 bps.
- Costa Rica — regional peer, BT-SFS 61.0 · 118 bps.
- Dominican Republic — regional peer, BT-SFS 53.9 · 165 bps.