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Trinidad and Tobago has an A rating from Standard and Poors with a stable outlook and extensive
financial buffers, including foreign exchange reserves of US$11.3 billion and a Heritage and
Stabilisation Fund which currently stands at US$5.5 billion, the ministrys statement added.
As it stands, T&Ts overall foreign debt is 11 per cent of GDP.
The average price of oil which we have experienced over the past 3.5 months is $66