RATING ACTION:
On June 28, 2024, CariCRIS reaffirmed the ratings currently assigned to the TT $4 billion bond issue (Series B, C and D) of the National Investment Fund Holding Company Limited (NIF or the Company) of CariAA (Local Currency Rating) on the regional rating scale and ttAA (Local Currency Rating) on the Trinidad and Tobago (T&T) national scale. 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:
- Improvement in the credit risk profile of the GORTT
- Improvement in the credit risk profiles of TGU and RFHL
Factors that could, individually or collectively, lead to a lowering of the ratings/or outlook include:
- A deterioration in the credit risk profile of the GORTT over the next 12 months
- A deterioration in the cash flow adequacy ratio to less than 1 time sustained for 2 financial periods
- A deterioration in the credit risk profiles of TGU and RFHL
- Breach of any covenants of the bond
Analysts’ Contact Info:
Keith Hamlet
Mobile: 1-868-487-8356
[email protected]
Sharlene Gordon
Phone :1-876-618-9811
[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.