RATING ACTION:
On September 20, 2024, CariCRIS reaffirmed the assigned Issuer/Corporate Credit ratings of CariA- (Foreign and Local Currency Ratings) on the regional rating scale, and ttA- (Foreign and Local Currency Ratings) on the Trinidad and Tobago national scale to Home Mortgage Bank (HMB). A stable outlook was assigned.
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement of the rating and/or outlook:
- An improvement in the credit rating of the sovereign over the next 12-15 months
- Improvement in HMB’s interest spread to > 3%, sustained over a 3-year period
- NPLs/Gross loans improve to 5% or below sustained over the next 12-15 months
Factors that could, individually or collectively, lead to a lowering of the rating and/or outlook:
- A deterioration in the credit rating of the sovereign over the next 12-15 months
- A sustained increase in the cost of funds by 100 bps or greater over the next 12-15 months
- NPLs >9% over the next 12-15 months
- A deterioration of the total earning assets/ total interest-bearing liabilities ratio to < 1 time
Analysts’ Contact Info:
Anelia Oudit
Mobile : 1-868-487-8364
[email protected]
Kyla Balwant
[email protected]
www.caricris.com
[email protected]
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.