It stated that other factors that should be analysed were the investment strategy and time horizon, risk tolerance and an estimation of a security's relative value in comparison to other securities that one might choose. The affirmation of the A rating will also mean the continuation of lower borrowing costs for the Government of Trinidad and Tobago both internationally and locally. "Lower borrowing rates internationally should equate to relatively lower borrowing costs in the domestic financial system. "The ratings affirmation should also benefit the government, as well as its various state and statutory bodies, in ensuring that they continue to enjoy the best possible interest rate of their borrowing facilities," according to the BATT statement.The ratings affirmation also helps in quantitatively adding to the business, economic and investor confidence in the local economy, BATT stated.