RATING ACTION:
On September 20, 2024, CariCRIS upgraded by one notch the Issuer/Sovereign Credit ratings to CariA- (Foreign and Local Currency Ratings) on its regional rating scale assigned to the The Government of Anguilla (GOA). A stable outlook was maintained.
RATING SENSITIVITY FACTORS:
Factors that could lead to an improvement in the Ratings and/ or Outlook include:
- Annual real GDP growth in excess of 5% sustained for at least 2 years.
- A fiscal surplus of more than 5% of GDP recorded for at least 2 consecutive fiscal periods, with no breaches of debt metrics.
- Meaningful diversification of the economy into sustainable productive sectors (i.e., not directly related to Tourism) that adds at least 10% to real GDP over two consecutive years.
Factors that could lead to a lowering of the Ratings and/ or Outlook include:
- An increase in debt to GDP ratio to above 50%.
- A change in the country’s status as a British Overseas Territory or a material change in the level of support rendered to Anguilla.
- The banking sector’s capitalization ratio falling below 8%.
Analysts’ Contact Info:
Stefan Fortuné
Phone: 1-868-799-6751 (m)
[email protected]
Candace Williams
Phone : 1-868-713-6973 (m)
[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.