{"id":1802,"date":"2024-10-04T17:07:24","date_gmt":"2024-10-04T21:07:24","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1802"},"modified":"2025-04-29T17:09:10","modified_gmt":"2025-04-29T21:09:10","slug":"guardian-holdings-limited-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/guardian-holdings-limited-2\/","title":{"rendered":"Guardian Holdings Limited"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><strong>\u00a0<\/strong>On September 20, 2024, CariCRIS reaffirmed the assigned ratings of <em>Cari<\/em><strong>AA-<\/strong> (Foreign and Local Currency Ratings) on the regional rating scale and <em>jm<\/em><strong>AAA<\/strong> (Local Currency Rating) on the Jamaican national scale for <strong>Guardian Holdings Limited (the Company). <\/strong>A<strong> stable<\/strong> outlook was assigned.<\/p>\n<p class=\"badge\"><strong>\u00a0<\/strong><strong>RATING SENSITIVITY FACTORS:<\/strong><\/p>\n<p><strong>\u00a0<\/strong><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 data-mce-word-list=\"1\">Expansion of the Group\u2019s product and service offerings and\/or improvements in operating efficiencies leading to a sustained increase in PAT of 20% or more for more than 2 years.<\/li>\n<li data-mce-word-list=\"1\">An improvement in the credit rating of the Government of The Republic of Trinidad and Tobago.<\/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 data-mce-word-list=\"1\">A fall in GHL\u2019s dividend receipts from the Group\u2019s subsidiaries leading to a fall in the cash flow adequacy ratio below 1 time sustained for 3 financial periods.<\/li>\n<li data-mce-word-list=\"1\">A lowering of the ratings of any of the Group\u2019s top 5 reinsurers.<\/li>\n<li data-mce-word-list=\"1\">Loss of relationship with any of the Group\u2019s major reinsurers and failure to provide viable replacements.<\/li>\n<li data-mce-word-list=\"1\">A lowering of the credit rating of the Government of The Republic of Trinidad and Tobago.<\/li>\n<li data-mce-word-list=\"1\">Breach of covenants stipulated in the final term sheet\/prospectus for the bond offering.<\/li>\n<li data-mce-word-list=\"1\">Re-emergence of regulatory constraints on dividends payable by GHL\u2019s major operating subsidiaries.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<p>Keith Hamlet<br \/>\nMobile : 1-868-487-4356<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","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: \u00a0On September 20, 2024, CariCRIS reaffirmed the assigned ratings of CariAA- (Foreign and Local Currency Ratings) on the regional rating scale and jmAAA (Local Currency Rating) on the Jamaican national scale for Guardian Holdings Limited (the Company). A stable outlook was assigned. \u00a0RATING SENSITIVITY FACTORS: \u00a0Factors 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-1802","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>Guardian 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\/guardian-holdings-limited-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guardian Holdings Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: \u00a0On September 20, 2024, CariCRIS reaffirmed the assigned ratings of CariAA- (Foreign and Local Currency Ratings) on the regional rating scale and jmAAA (Local Currency Rating) on the Jamaican national scale for Guardian Holdings Limited (the Company). 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