{"id":1828,"date":"2024-07-10T17:28:36","date_gmt":"2024-07-10T21:28:36","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1828"},"modified":"2025-04-29T17:29:25","modified_gmt":"2025-04-29T21:29:25","slug":"point-lisas-industrial-port-development-corporation-limited-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/point-lisas-industrial-port-development-corporation-limited-2\/","title":{"rendered":"Point Lisas Industrial Port Development Corporation Limited"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><strong>\u00a0<\/strong>On June 28, 2024, CariCRIS reaffirmed the assigned issuer\/corporate credit ratings of <em>Cari<\/em><strong>A+ <\/strong>(Foreign and Local Currency Ratings) on the regional rating scale, and <em>tt<\/em><strong>A+<\/strong> (Foreign and Local Currency Ratings) on the Trinidad and Tobago (T&amp;T) national scale to <strong>Point Lisas Industrial Port Development Corporation Limited (PLIPDECO or 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\">A greater than 8% y-o-y improvement in revenue for 2 consecutive years<\/li>\n<li data-mce-word-list=\"1\">An improvement in profits by 40% for 2 consecutive years excluding the effects of revaluation gains and one-off incurrences<\/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 data-mce-word-list=\"1\">A material decline of 10% in revenue in 2024<\/li>\n<li data-mce-word-list=\"1\">Effective DSCR falls below 1 time<\/li>\n<li data-mce-word-list=\"1\">Any material Company event that can result in default\/breaches of covenants<\/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>Brandon Singh<br \/>\n<a href=\"mailto:bsingh@caricris.com\">bsingh@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 June 28, 2024, CariCRIS reaffirmed the assigned issuer\/corporate credit ratings of CariA+ (Foreign and Local Currency Ratings) on the regional rating scale, and ttA+ (Foreign and Local Currency Ratings) on the Trinidad and Tobago (T&amp;T) national scale to Point Lisas Industrial Port Development Corporation Limited (PLIPDECO or the Company). A stable outlook [&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-1828","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>Point Lisas Industrial Port Development Corporation 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\/point-lisas-industrial-port-development-corporation-limited-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Point Lisas Industrial Port Development Corporation Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: \u00a0On June 28, 2024, CariCRIS reaffirmed the assigned issuer\/corporate credit ratings of CariA+ (Foreign and Local Currency Ratings) on the regional rating scale, and ttA+ (Foreign and Local Currency Ratings) on the Trinidad and Tobago (T&amp;T) national scale to Point Lisas Industrial Port Development Corporation Limited (PLIPDECO or the Company). 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