{"id":1764,"date":"2024-12-13T12:56:34","date_gmt":"2024-12-13T16:56:34","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1764"},"modified":"2025-04-25T12:57:35","modified_gmt":"2025-04-25T16:57:35","slug":"home-mortgage-banks-collateralised-mortgage-obligation-cmo-2019-01-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/home-mortgage-banks-collateralised-mortgage-obligation-cmo-2019-01-2\/","title":{"rendered":"Home Mortgage Bank\u2019s Collateralised Mortgage Obligation \u2013 CMO 2019-01"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p>On December 5, 2024, CariCRIS upgraded the overall issue rating to ttAA- (SO) on the Trinidad and Tobago (T&amp;T) national scale to the TT $200 million Collateralised Mortgage Obligation (CMO) of Home Mortgage Bank (HMB) (CMO 2019-01). A stable outlook was assigned.<\/p>\n<p class=\"badge\">\u00a0RATING SENSITIVITY FACTORS:<\/p>\n<p><strong>Factors that could, individually or collectively, lead to an improvement of the rating and\/or outlook:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>An improvement in the loan portfolio quality, with an NPL ratio of lower than 3% sustained for 2 years<\/li>\n<li>A return to delinquency levels of 2% &#8211; 4% within the underlying mortgage pool over the next 12-15 months.<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering of the rating and\/or outlook:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>Persistent and further deterioration in the mortgage pool quality with delinquency levels of above 22% and\/ or NPL ratio of above 8% within the underlying mortgage pool leading to heightened extension and\/ or default risk over the next 12-15 months.<\/li>\n<li>Consistent cash flow shortfalls in the underlying mortgage pool over the next 12-15 months that may impair payments of principals and interests.<\/li>\n<li>A deterioration in the credit risk profile of T&amp;T leading to increased market risk.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/p>\n<p>Anelia Oudit<br \/>\nMobile : 1-868-487-8364<br \/>\n<a href=\"mailto:aoudit@caricris.com\">aoudit@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><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 upgraded the overall issue rating to ttAA- (SO) on the Trinidad and Tobago (T&amp;T) national scale to the TT $200 million Collateralised Mortgage Obligation (CMO) of Home Mortgage Bank (HMB) (CMO 2019-01). A stable outlook was assigned. \u00a0RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead to [&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-1764","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>Home Mortgage Bank\u2019s Collateralised Mortgage Obligation \u2013 CMO 2019-01 - 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\/home-mortgage-banks-collateralised-mortgage-obligation-cmo-2019-01-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Mortgage Bank\u2019s Collateralised Mortgage Obligation \u2013 CMO 2019-01 - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On December 5, 2024, CariCRIS upgraded the overall issue rating to ttAA- (SO) on the Trinidad and Tobago (T&amp;T) national scale to the TT $200 million Collateralised Mortgage Obligation (CMO) of Home Mortgage Bank (HMB) (CMO 2019-01). 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