{"id":1756,"date":"2024-12-23T12:42:10","date_gmt":"2024-12-23T16:42:10","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1756"},"modified":"2025-04-25T12:43:45","modified_gmt":"2025-04-25T16:43:45","slug":"the-belize-bank-limited-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/the-belize-bank-limited-2\/","title":{"rendered":"The Belize Bank Limited"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p>On December 5, 2024, CariCRIS reaffirmed the Issuer\/ Corporate Credit Ratings assigned to The Belize Bank Limited (BBL or the Bank) at CariBBB- (Local and Foreign Currency Ratings) on the regional scale, and bzAA+ (Local Currency) on the Belize national 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>Improvement in the ratings of the Government of Belize<\/li>\n<li>Increase in profitability to the order of 10% per annum over the next year<\/li>\n<li>\u00a0Improvement in asset quality with a NPL ratio of 2.5% over the next 2 years<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering of the ratings\/or outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>Lowering of the ratings of the Government of Belize<\/li>\n<li>The occurrence of any factors that may contribute to the deterioration of the CAR below the 9% minimum requirement for the Bank<\/li>\n<li>Decrease in profitability to the order of 15% per annum over the next 2 years<\/li>\n<li>Deterioration in asset quality with a NPL ratio above 7% or more sustained for 2 financial years<\/li>\n<li>Cost to income ratio weakens to 75% or more sustained for 2 financial years<\/li>\n<\/ul>\n<p><span style=\"font-size: 12pt;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/p>\n<p>Keith Hamlet<br \/>\nMobile : 1-868-487-4356<br \/>\n<a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/p>\n<p>Sharlene Gordon<br \/>\nMobile : 1-1876-618-9811<br \/>\n<a href=\"mailto:sgordon@caricris.com\">sgordon@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<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On December 5, 2024, CariCRIS reaffirmed the Issuer\/ Corporate Credit Ratings assigned to The Belize Bank Limited (BBL or the Bank) at CariBBB- (Local and Foreign Currency Ratings) on the regional scale, and bzAA+ (Local Currency) on the Belize national scale. A stable outlook was maintained. RATING SENSITIVITY FACTORS: Factors that could, individually [&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-1756","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>The Belize Bank 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\/the-belize-bank-limited-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Belize Bank Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On December 5, 2024, CariCRIS reaffirmed the Issuer\/ Corporate Credit Ratings assigned to The Belize Bank Limited (BBL or the Bank) at CariBBB- (Local and Foreign Currency Ratings) on the regional scale, and bzAA+ (Local Currency) on the Belize national scale. A stable outlook was maintained. 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