RATING ACTION:
On April 28, 2023, CariCRIS reaffirmed the assigned Issuer/Corporate Credit ratings of CariAA- (Local Currency Rating) on the regional scale and ttAA- (Local Currency Rating) on the Trinidad and Tobago (T&T) national scale to the TT $63.3 million bond issue of Development Finance Limited (DFL or the Company). 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 ratings of the GORTT
Factors that could, individually or collectively, lead to a lowering of the ratings/or outlook include:
- Material impairment in any of the underlying securitiest:8-627-8879 Ext. 229
- -operative Bank:l claims pertaining to the content of the book.umber of pages and availability of p
- Substantial deterioration in the financial performance and position of DFL
- Downgrade in the ratings of the GORTT
- Breaches to any of the bond’s covenants
- Breach of covenants related to other long-term borrowings including limits related to non-performing loans
- A fall in the bond’s security coverage to below 1.0X
Anelia Oudit
Mobile : 1-868-487-8364