RATING ACTION:
On May 10, 2024, CariCRIS lowered the assigned issuer/corporate credit ratings by 3 notches to CariD (Foreign and Local Currency Ratings) on the regional rating scale, and ttD on the Trinidad and Tobago (T&T) national scale as well as jmD on the Jamaica national scale to NiQuan Energy Trinidad Limited (NETL or the Company).
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the ratings include:
- Reattainment of a long-term GSC
- Further formal extension to the STNI’s maturity
- Full commercialisation of operations with a track record of on-spec production and adequate debt servicing
Analysts’ Contact Info:
Keith Hamlet
Mobile : 1-868-487-8356
[email protected]
Brandon Singh
[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.