Ratings agency concerned

International ratings agency Moody\'s Investors said its monitoring developments in Port of Spain, Trinidad following the government\'s decision to take control of several companies that are part of CL Financial.



Moody\'s vice president Alessandra Alecci said while Trinidad\'s rating remains stable, the size of the pan-Caribbean CL Financial raises questions about the exposure of the Trinidadian economy to the company\'s problems.



She said there are also concerns about the impact on business and consumer confidence.



Barbados-based Clico Holdings is one of CL Financial\'s subsidiaries.



Its chairman Leroy Paris has been telling investors that despite its current challenges, the company remains strong.