RATING ACTION:
On March 16, 2023, CariCRIS reaffirmed the assigned ratings at CariAA (Foreign and Local Currency Ratings) on the regional rating scale and ttAA (Local Currency Rating) on the Trinidad and Tobago (T&T) national scale to Trinidad and Tobago Unit Trust Corporation (TTUTC). 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:
- Improving market and economic conditions over the next 12-15 months, leading to sustained Net Investment Income growth in excess of 20%.
- Diversification of funds under management to include a greater share of millennial unitholders.
- Successful expansion and implementation of operations into the Caribbean.
Factors that could, individually or collectively, lead to a lowering of the ratings/or outlook include:
- A sustained decline in equity prices and interest rates over the next 12-15 months, leading to a 30% decline in Net Investment Income.
- A deterioration in the credit quality of the fixed-income portfolios below investment grade.
Keith Hamlet
Mobile : 1-868-487-4356