RATING ACTION:
On December 7, 2022, CariCRIS reaffirmed the assigned regional ratings of CariBB (Local Currency Ratings) and CariBB (Foreign Currency) and bzAA+ (Local Currency) on the Belize national scale for The Belize Bank Limited. Outlook revised to positive.
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the ratings and /or outlook include:
- Improvement in the ratings of the Government of Belize
- Increase in profitability to the order of 10% per annum over the next 2 years
- Improvement in asset quality with a NPL ratio of 2.5% over the next 2 years
Factors that could, individually or collectively, lead to a lowering of the ratings/or outlook include:
- Lowering of the ratings of the Government of Belize
- The occurrence of any factors that may contribute to the deterioration of the CAR below the 9% minimum requirement for the Bank
Analysts’ Contact Info:
Keith Hamlet
Mobile : 1-868-487-4356
Sharlene Gordon
Mobile : 1-1876-618-9811