{"id":1751,"date":"2025-01-07T19:45:26","date_gmt":"2025-01-07T23:45:26","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1751"},"modified":"2025-04-24T19:46:20","modified_gmt":"2025-04-24T23:46:20","slug":"saint-lucia-electricity-services-limited-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/saint-lucia-electricity-services-limited-2\/","title":{"rendered":"Saint Lucia Electricity Services Limited"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p>On December 5, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to Saint Lucia Electricity Services Limited (LUCELEC or the Company) at CariBBB- (Foreign and Local Currency Ratings) on the regional rating scale. A stable outlook was maintained.<\/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 style=\"list-style-type: disc;\">\n<li>An improvement in the credit rating of the sovereign over the next 12-15 months<\/li>\n<li>Continued improvements in economic and business conditions over the next 12 months in Saint Lucia, thereby leading to increased electricity sales<\/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 style=\"list-style-type: disc;\">\n<li>A deterioration in the credit rating of the sovereign over the next 12-15 months<\/li>\n<li>A greater than 10% decline in operating revenue sustained for 2 consecutive years<\/li>\n<li>Trade receivables turnover greater than 65 days sustained for 2 years<\/li>\n<li>Debt Service Coverage Ratio lower than 2 times sustained for 2 years<\/li>\n<li>A change in the monopoly position afforded by regulation<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt;\"><strong><span style=\"font-size: 12pt;\">Analysts\u2019 Contact Info:<\/span><\/strong><\/span><\/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>Zwade Thompson<br \/>\n<a href=\"mailto:zthompson@caricris.com\">zthompson@caricris.com<\/a><\/p>\n<p>www.caricris.com<br \/>\n<a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/p>\n<p><span style=\"font-size: 8pt;\"><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.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On December 5, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to Saint Lucia Electricity Services Limited (LUCELEC or the Company) at CariBBB- (Foreign and Local Currency Ratings) on the regional rating scale. A stable outlook was maintained. RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead to an improvement in the [&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-1751","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>Saint Lucia Electricity Services 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\/saint-lucia-electricity-services-limited-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saint Lucia Electricity Services Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On December 5, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to Saint Lucia Electricity Services Limited (LUCELEC or the Company) at CariBBB- (Foreign and Local Currency Ratings) on the regional rating scale. A stable outlook was maintained. 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