RATING ACTION:
On March 16, 2023, CariCRIS reaffirmed the Issuer/Corporate Credit rating jmAAA (Local Currency Rating) on its Jamaica national rating scale assigned to Sagicor Life Jamaica Limited (SLJ or the Company). A stable outlook was maintained.
RATING SENSiTIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the rating and/or outlook include:
- An improvement in the credit rating of the Government of Jamaica
Factors that could, individually or collectively, lead to a lowering of the rating and/or outlook include:
- A lowering of the credit rating of the Government of Jamaica
- Deterioration in the financial performance and profitability of SLJ, with a greater than 10% fall in premium income
Analysts’ Contact Info:
Keith Hamlet
Mobile: 1-868-487-8356