Sage Power Limited – 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 Sage Power Limited’s credit ratings and outlook for the US $285 million Fixed Rate Secured Bond issued and reported on by CariCRIS on July 16, 2021.
These ratings were withdrawn following CariCRIS’ receipt of notice in December 2021, informing that Sage Power Limited will no longer be issuing the instrument. As a result, the ratings will not be kept under annual surveillance and as such there will be no further updates on these ratings.
December 29, 2021