{"id":1711,"date":"2025-04-10T18:05:43","date_gmt":"2025-04-10T22:05:43","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1711"},"modified":"2025-04-24T18:08:21","modified_gmt":"2025-04-24T22:08:21","slug":"sterling-saint-lucia-holdings-limited","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/sterling-saint-lucia-holdings-limited\/","title":{"rendered":"Sterling (Saint Lucia) Holdings Limited"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p>On March 14, 2025, CariCRIS assigned initial issuer\/corporate credit ratings of CariBBB+ (Foreign and Local Currency Ratings) on the regional rating scale for Sterling (Saint Lucia) Holdings Limited (SHL or the Group). A stable outlook was assigned.<\/p>\n<p class=\"badge\">RATING SENSITIVITY FACTORS:<\/p>\n<p><strong>Factors that could, individually or collectively, lead to an improvement in the ratings and\/ or Outlook include:<\/strong><\/p>\n<ul>\n<li>Top 10 investment exposure reducing to less than 30% over the next two years<\/li>\n<li>A net spread above 2.6% sustained for 3 financial periods<\/li>\n<li>Leverage ratio below 3 times for 2 consecutive years\u2022<\/li>\n<li>Total earning assets\/total interest-bearing liabilities above 1.5 times sustained for 2 consecutive financial periods<\/li>\n<li>TNW\/Total Assets increases above 20% sustained for 2-years\u2022<\/li>\n<li>An improvement in the liquidity gap ratio below 35% for 2 consecutive years<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering of the ratings and\/ or Outlook include:<\/strong><\/p>\n<ul>\n<li>Increase in non-investment grade fixed income assets above internal limit of 30%<\/li>\n<li>Inability of SAM to meet capital adequacy regulatory requirements in the Jamaica financial services industry<\/li>\n<li>Decrease in asset yield and\/or increase in funding costs leading to a compression in the net interest spread below 1% sustained for 2 consecutive years<\/li>\n<li>A deterioration in the cost to income ratio above 40% for 2 consecutive period.<\/li>\n<li>TNW\/Total Assets below 10% for 2 consecutive years<\/li>\n<li>\u00a0A deterioration in the liquidity gap ratio above 50% sustained for 2 years.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<p>Keith Hamlet<br \/>\nMobile: 1-868-487-8356<br \/>\n<a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/p>\n<p>Kyla Balwant<br \/>\n<a href=\"mailto:kbalwant@caricris.com\">kbalwant@caricris.com<\/a><\/p>\n<p>www.caricris.com<br \/>\n<a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/p>\n<p><strong>Disclaimer<\/strong>: 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\u2019 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 14, 2025, CariCRIS assigned initial issuer\/corporate credit ratings of CariBBB+ (Foreign and Local Currency Ratings) on the regional rating scale for Sterling (Saint Lucia) Holdings Limited (SHL or the Group). A stable outlook was assigned. RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead to an improvement in the ratings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-1711","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sterling (Saint Lucia) Holdings Limited - CariCRIS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/sterling-saint-lucia-holdings-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sterling (Saint Lucia) Holdings Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 14, 2025, CariCRIS assigned initial issuer\/corporate credit ratings of CariBBB+ (Foreign and Local Currency Ratings) on the regional rating scale for Sterling (Saint Lucia) Holdings Limited (SHL or the Group). 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