RATING ACTION:
\nOn April 3, 2024, CariCRIS reaffirmed the assigned ratings at CariAA (Foreign and Local Currency Ratings) on the regional rating scale and ttAA (Local Currency Rating) on the Trinidad and Tobago (T&T) national scale to Trinidad and Tobago Unit Trust Corporation (TTUTC). A stable outlook was assigned.<\/p>\n
RATING SENSITIVITY FACTORS:
\nFactors that could, individually or collectively, lead to an improvement in the ratings and \/or outlook include:
\n\u2022 Improving market and economic conditions over the next 12-15 months, leading to sustained Net Investment Income growth in excess of 30%.
\n\u2022 Diversification of funds under management to include a greater share of millennial unitholders.
\n\u2022 Successful expansion and implementation of operations into the Caribbean leading to positive impacts on revenue.
\n\u2022 Improvement in the cost to income ratio to 55% or below sustained for 2 financial years.<\/p>\n
Factors that could, individually or collectively, lead to a lowering of the ratings\/or outlook include:
\n\u2022 A 15% reduction in FUM sustained for 3 consecutive years.
\n\u2022 A deterioration in the credit quality of the fixed-income portfolios below investment grade.
\n\u2022 A reduction in total investment income to average earning assets to 1.5%; sustained for 3 consecutive years.<\/p>\n
Analysts\u2019 Contact Info:<\/p>\n
Keith Hamlet
\nMobile : 1-868-487-4356
\nkhamlet@caricris.com<\/p>\n
Sharlene Gordon
\nMobile : 1-1876-564-5230
\nsgordon@caricris.com<\/p>\n
www.caricris.com
\ninfo@caricris.com<\/p>\n
Disclaimer: CariCRIS has taken due care and caution in the 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.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
RATING ACTION: On April 3, 2024, CariCRIS reaffirmed the assigned ratings at CariAA (Foreign and Local Currency Ratings) on the regional rating scale and ttAA (Local Currency Rating) on the Trinidad and Tobago (T&T) national scale to Trinidad and Tobago Unit Trust Corporation (TTUTC). A stable outlook was assigned. RATING SENSITIVITY FACTORS: Factors that could, […]<\/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-1858","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"\n