Island Car Rentals Limited J $2.2 Billion Bond Issue – Withdrawal of Issue Credit Ratings
Caribbean Information & Credit Rating Services Limited (CariCRIS), the region’s credit rating agency, wishes to inform the public of the withdrawal of the credit rating and outlook assigned to Island Car Rentals Limited’s (ICR) J $2.2 billion, 7% Fixed Rate Secured Note due in December 2026. This rating was last reported on by CariCRIS in March 2023.
The rating is withdrawn following CariCRIS’ receipt of notice in April 2024, indicating full repayment of the instrument. As a result, the rating will no longer be kept under annual surveillance and as such there will be no further updates on this bond issue rating. ICR, will however maintain a corporate credit rating.
April 29, 2024