{"id":1898,"date":"2023-12-14T19:22:11","date_gmt":"2023-12-14T23:22:11","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1898"},"modified":"2025-04-30T19:23:27","modified_gmt":"2025-04-30T23:23:27","slug":"the-bank-of-belize-limited","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/the-bank-of-belize-limited\/","title":{"rendered":"The Bank of Belize Limited"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p>On December 6, 2023, CariCRIS upgraded the assigned Issuer\/ Corporate credit ratings by 2 notches to <em>Cari<\/em><strong>BBB-<\/strong> (Local and Foreign Currency) on the regional scale and reaffirmed the Belize national scale rating of bz<strong>AA+<\/strong> (Local Currency) to <strong>The Belize Bank Limited. <\/strong>Outlook revised to <strong>stable. <\/strong><\/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\">Improvement in the ratings of the Government of Belize<\/li>\n<li data-mce-word-list=\"1\">Increase in profitability to the order of 10% per annum over the next 2 years<\/li>\n<li data-mce-word-list=\"1\">Improvement in asset quality with a NPL ratio of 2.5% over the next 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 data-mce-word-list=\"1\">Lowering of the ratings of the Government of Belize<\/li>\n<li data-mce-word-list=\"1\">The occurrence of any factors that may contribute to the deterioration of the CAR below the 9% minimum requirement for the Bank<\/li>\n<li data-mce-word-list=\"1\">Decrease in profitability to the order of 15% per annum over the next 2 years<\/li>\n<li data-mce-word-list=\"1\">Deterioration in asset quality with a NPL ratio to 7.4% or more over the next 2 years<\/li>\n<li data-mce-word-list=\"1\">Cost to income ratio weakens to 75% or more<\/li>\n<\/ul>\n<div>\n<p>&nbsp;<\/p>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<\/div>\n<div>Keith Hamlet<\/div>\n<div>Mobile: 1-868-487-4356<\/div>\n<div><a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/div>\n<div><\/div>\n<div>Sharlene Gordon<\/div>\n<div>Mobile: 1-1876-618-9811<\/div>\n<div><a href=\"mailto:sgordon@caricris.com\">sgordon@caricris.com<\/a><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On December 6, 2023, CariCRIS upgraded the assigned Issuer\/ Corporate credit ratings by 2 notches to CariBBB- (Local and Foreign Currency) on the regional scale and reaffirmed the Belize national scale rating of bzAA+ (Local Currency) to The Belize Bank Limited. Outlook revised to stable. \u00a0RATING SENSITIVITY FACTORS: Factors that could, individually 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-1898","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>The Bank of Belize 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\/the-bank-of-belize-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Bank of Belize Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On December 6, 2023, CariCRIS upgraded the assigned Issuer\/ Corporate credit ratings by 2 notches to CariBBB- (Local and Foreign Currency) on the regional scale and reaffirmed the Belize national scale rating of bzAA+ (Local Currency) to The Belize Bank Limited. 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