{"id":1891,"date":"2023-12-18T19:12:50","date_gmt":"2023-12-18T23:12:50","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1891"},"modified":"2025-04-30T19:16:14","modified_gmt":"2025-04-30T23:16:14","slug":"wigton-windfarm-limited","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/wigton-windfarm-limited\/","title":{"rendered":"Wigton Windfarm Limited"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p>On December 6, 2023, CariCRIS upgraded the assigned issue credit rating by 1-notch to <em>Cari<\/em><strong>BBB+<\/strong> (Local Currency Rating) on the regional rating scale and reaffirmed the Jamaica national scale rating of <em>jm<\/em><strong>A<\/strong> (Local Currency Rating) to the J $5.8 billion bond issue of <strong>Wigton Windfarm Limited (Wigton or the Company). <\/strong>A stable outlook was assigned.<\/p>\n<p class=\"badge\"><strong>\u00a0RATING SENSITIVITY FACTORS:<\/strong><\/p>\n<p><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\">Successful diversification by the Company into other renewable sources of energy, geographical markets or unrelated streams of income, thereby boosting revenue stability and\/or expansion.<\/li>\n<li data-mce-word-list=\"1\">Improved operating efficiency, with capacity and availability metrics consistently meeting targets.<\/li>\n<li data-mce-word-list=\"1\">Material expansion in total installed capacity resulting in a more than 10% increase in operating profit sustained for 2 years.<\/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>Breach of any of the debt covenants.<\/li>\n<li>Failure to satisfy any of the performance requirements of the Power Purchase Agreements<\/li>\n<\/ul>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<div>Anelia Oudit<\/div>\n<div>Mobile : 1-868-487-8364<\/div>\n<div><a href=\"mailto:aoudit@caricris.com\">aoudit@caricris.com<\/a><\/div>\n<div><\/div>\n<div>Kyla Balwant<\/div>\n<div><a href=\"mailto:kbalwant@caricris.com\">kbalwant@caricris.com<\/a><\/div>\n<div><\/div>\n<div>\n<table>\n<tbody>\n<tr>\n<td><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.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On December 6, 2023, CariCRIS upgraded the assigned issue credit rating by 1-notch to CariBBB+ (Local Currency Rating) on the regional rating scale and reaffirmed the Jamaica national scale rating of jmA (Local Currency Rating) to the J $5.8 billion bond issue of Wigton Windfarm Limited (Wigton 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-1891","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>Wigton Windfarm 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\/wigton-windfarm-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wigton Windfarm Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On December 6, 2023, CariCRIS upgraded the assigned issue credit rating by 1-notch to CariBBB+ (Local Currency Rating) on the regional rating scale and reaffirmed the Jamaica national scale rating of jmA (Local Currency Rating) to the J $5.8 billion bond issue of Wigton Windfarm Limited (Wigton or the Company). 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