{"id":1856,"date":"2024-04-23T18:20:34","date_gmt":"2024-04-23T22:20:34","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1856"},"modified":"2025-04-29T18:21:27","modified_gmt":"2025-04-29T22:21:27","slug":"dominica-agricultural-industrial-and-development-bank-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/dominica-agricultural-industrial-and-development-bank-2\/","title":{"rendered":"Dominica Agricultural, Industrial and Development Bank"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/span><\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On March 12, 2024, CariCRIS reaffirmed the ratings currently assigned to the <strong>Dominica Agricultural, Industrial and Development Bank<\/strong> (DAID or the Bank) at <em>Cari<\/em><strong>B<\/strong> (Foreign and Local Currency Ratings) on the regional rating scale<strong>. <\/strong>A <strong>stable<\/strong> outlook was assigned.<\/span><\/p>\n<p class=\"badge\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>\u00a0<\/strong><\/span><span style=\"font-family: 'book antiqua', palatino;\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong>\u00a0<\/strong><\/span><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could, individually or collectively, lead to an improvement in the ratings and \/or outlook include:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>An upgrade to the sovereign credit rating of the GOCD<\/li>\n<li><span style=\"font-family: 'book antiqua', palatino;\">Improvement in the NPL ratio to less than 16%<\/span><\/li>\n<li><span style=\"font-family: 'book antiqua', palatino;\">Adherence to the EIB\u2019s revised financial covenants<\/span><\/li>\n<li><span style=\"font-family: 'book antiqua', palatino;\">Sustained profitable operations for more than 2 financial periods<\/span><\/li>\n<li><span style=\"font-family: 'book antiqua', palatino;\">Progress in the implementation of the Bank\u2019s ERM framework<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could, individually or collectively, lead to a lowering of the ratings\/or outlook include:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A change in the sovereign credit rating of the GOCD<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Sustained NPL ratio of 45% or more over for the next 12 \u2013 15 months<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Further delay in the full implementation of the Bank\u2019s Enterprise Risk Management Framework<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Any loss of major funding lines without identification of a suitable alternative<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A decline in TNW coverage of net NPLs to less than 1 time over the next 12 \u2013 15 months<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A fall in the Bank\u2019s capital adequacy ratio to less than 25% over the next 12 \u2013 15 months<\/span><\/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>Sharlene Gordon<br \/>\nTel : 1-876-618-9811<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;\">Disclaimer: 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 March 12, 2024, CariCRIS reaffirmed the ratings currently assigned to the Dominica Agricultural, Industrial and Development Bank (DAID or the Bank) at CariB (Foreign and Local Currency Ratings) on the regional rating scale. A stable outlook was assigned. \u00a0RATING SENSITIVITY FACTORS: \u00a0Factors that could, individually or collectively, lead to an improvement in [&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-1856","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>Dominica Agricultural, Industrial and Development Bank - 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\/dominica-agricultural-industrial-and-development-bank-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dominica Agricultural, Industrial and Development Bank - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 12, 2024, CariCRIS reaffirmed the ratings currently assigned to the Dominica Agricultural, Industrial and Development Bank (DAID or the Bank) at CariB (Foreign and Local Currency Ratings) on the regional rating scale. 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