{"id":1885,"date":"2024-03-18T18:59:21","date_gmt":"2024-03-18T22:59:21","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1885"},"modified":"2025-04-30T19:00:10","modified_gmt":"2025-04-30T23:00:10","slug":"sagicor-life-jamaica-limited-3","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/sagicor-life-jamaica-limited-3\/","title":{"rendered":"Sagicor Life Jamaica Limited"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On March 12, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit rating assigned to <strong>Sagicor Life Jamaica Limited (SLJ or the Company)<\/strong> at <em>jm<\/em><strong>AAA<\/strong> (Local Currency Rating) on its Jamaica national rating scale<strong>. <\/strong>A <strong>stable<\/strong> outlook was maintained.<\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/span><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could, individually or collectively, lead to an improvement in the rating and\/or outlook include:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">NA<\/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 rating and\/or outlook include:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A greater than 10% fall in amortised contractual service margin (CSM) and risk adjustment (RA), sustained for 2 consecutive financial periods<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A greater than 25% increase in net loss on onerous contracts<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A fall in Tangible Net Worth (TNW)\/Total Assets to below 20%<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A fall in Total Investment Assets\/Policy Liabilities to less than 0.5 times<\/span><\/li>\n<\/ul>\n<h4><strong>Analysts\u2019 Contact Info:<\/strong><\/h4>\n<h5><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\">Keith Hamlet<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\">Mobile: 1-868-487-8356<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/p>\n<h5><span style=\"font-size: 8pt;\">Megan Dass<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\">Mobile: 1-868-713-6863<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:mdass@caricris.com\">mdass@caricris.com<\/a>\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"http:\/\/www.caricris.com\"><strong>www.caricris.com<\/strong><\/a><strong> \u00a0\u00a0<\/strong><\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><strong><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/strong><\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><strong>Disclaimer<\/strong><strong>:<\/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.\u00a0 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.\u00a0 No part of this report may be published \/ reproduced in any form without CariCRIS\u2019 prior written approval.\u00a0 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","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 12, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit rating assigned to Sagicor Life Jamaica Limited (SLJ or the Company) at jmAAA (Local Currency Rating) on its Jamaica national rating scale. A stable outlook was maintained. RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead to an improvement in the rating and\/or [&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-1885","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>Sagicor Life Jamaica 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\/sagicor-life-jamaica-limited-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sagicor Life Jamaica Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 12, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit rating assigned to Sagicor Life Jamaica Limited (SLJ or the Company) at jmAAA (Local Currency Rating) on its Jamaica national rating scale. 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