Mystic Mountain Limited (MML) Rating Suspended
Caribbean Information & Credit Rating Services Limited (CariCRIS) has today suspended its rating on Mystic Mountain Limited (MML or the Company). In September 2020, MML defaulted on its J $1.1 billion bond issue and to date, the entity remains in default of this obligation. In February 2022, the Company declared bankruptcy and is currently in receivership. As a result, MML’s rating will no longer be kept under annual surveillance by CariCRIS and there will be no further updates on this rating.
25 November 2022