RATING ACTION:
On June 15, 2023, 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 (T&T) national scale to Point Lisas Industrial Port Development Corporation Limited (PLIPDECO or the Company). A stable outlook was assigned.
RATING SENSITIVITY FACTORS:
Factors that could individually or collectively, lead to an improvement in the ratings and/or outlook include:
- A greater than 8% y-o-y improvement in revenue for 2 consecutive years
- An improvement in profits by 40% for 2 consecutive years excluding the effects of revaluation gains
Factors that could individually or collectively, lead to a lowering of the ratings and/or outlook include:
- A material decline of 10% in revenue and profits in 2023
- Current ratio of <1x for a sustained period of 12-18 months
- Any material Company event that can result in default/breaches of covenants
Analysts’ Contact Info:
Anelia Oudit
Mobile : 1-868-487-8364
[email protected]
Brandon Singh
[email protected]
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