RATING ACTION:
On September 14, 2023, 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 Saint Lucia (GOSL). A stable outlook was maintained.
RATING SENSITIVITY FACTORS:
Factors that could lead to an improvement in the Ratings and/ or Outlook include:
- Substantial changes in the debt levels leading to a debt to GDP ratio below 65%
- Achievement of a balanced budget over the medium term
- Sustained real GDP growth of the order of 3% per annum or more (above pre-COVID-19 level)
Factors that could lead to a lowering of the Ratings and/ or Outlook include:
- Significant changes in the fiscal position leading to a fiscal deficit larger than 15% of GDP
- Substantial changes in the debt levels leading to sustained debt to GDP in excess of 90% alongside a decline in debt servicing to below 2 times
Analyst’s Contact Info:
Stefan Fortuné
Phone: 1-868-799-6751 (m)
Sharlene Gordon
Phone: 1-876-618-9811
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.