RATING ACTION:
On September 15, 2022, CariCRIS reaffirmed the Issuer/Sovereign Credit ratings of CariBBB+ (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:
- Real GDP growth in excess of 5% over pre-hurricane level of GDP 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
Factors that could lead to a lowering of the Ratings and/ or Outlook include:
- An increase in debt to GDP ratio to above 70%
- A significant decline in grant support without other compensating revenues
- 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)
Brandon Singh
Phone: 1-868-627-8879