RATING ACTION:
On September 20, 2024, CariCRIS reaffirmed the issuer/corporate credit ratings of CariAA (Foreign and Local Currency Ratings) on the regional rating scale, and ttAA on the Trinidad and Tobago (T&T) national scale for ANSA Merchant Bank Limited (AMBL Group). A stable outlook was assigned.
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the ratings and /or outlook include:
- Improvement in the credit rating of the Government of Trinidad and Tobago
- Successful acquisitions over the next 12 to 15 months with a concomitant material improvement in any of its main segments’ market share and AMBL Group’s overall financial performance
- Material improvement in the financial performance and position of ANSA McAL Limited
Factors that could, individually or collectively, lead to a lowering of the ratings/or outlook include:
- 2 years of sustained losses
- Greater than 20% increase in insurance service expense and/or a more than 50% fall in net interest income (NII) thus negatively impacting profitability
- Downgrade in the rating of the Government of Trinidad and Tobago
- Material deterioration in the financial performance and position of ANSA McAL Limited
Analysts’ Contact Info:
Anelia Oudit
Mobile : 1-868-487-8364
[email protected]
Jeffrey James
Mobile : 1-868-713-5987
[email protected]
www.caricris.com
[email protected]
Disclaimer: CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable. However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. No part of this report may be published / reproduced in any form without CariCRIS’ prior written approval. CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this product.