{"id":1944,"date":"2023-10-02T18:20:22","date_gmt":"2023-10-02T22:20:22","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1944"},"modified":"2025-05-03T18:21:12","modified_gmt":"2025-05-03T22:21:12","slug":"goverrnment-of-saint-lucia","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/goverrnment-of-saint-lucia\/","title":{"rendered":"Goverrnment of Saint Lucia"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On September 14, 2023, CariCRIS reaffirmed the Issuer\/Sovereign Credit ratings of <em>Cari<\/em><strong>BBB-<\/strong> (Foreign and Local Currency Ratings) on its regional rating scale assigned to the <strong>The Government of Saint Lucia (GOSL<\/strong><strong>). <\/strong>A <strong>stable<\/strong> outlook was maintained.<\/span><\/p>\n<p class=\"badge\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/p>\n<p><span style=\"text-decoration: underline;\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could lead to an improvement in the Ratings and\/ or Outlook include:<\/strong><\/span><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Substantial changes in the debt levels leading to a debt to GDP ratio below 65%<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Achievement of a balanced budget over the medium term<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Sustained real GDP growth of the order of 3% per annum or more (above pre-COVID-19 level)<\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could lead to a lowering of the Ratings and\/ or Outlook include:<\/strong><\/span><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Significant changes in the fiscal position leading to a fiscal deficit larger than 15% of GDP<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Substantial changes in the debt levels leading to sustained debt to GDP in excess of 90% alongside a decline in debt servicing to below 2 times<\/span><\/li>\n<\/ul>\n<p><strong>Analyst\u2019s Contact Info:<\/strong><\/p>\n<h5><span style=\"font-size: 8pt;\">Stefan Fortun\u00e9<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\">Phone: 1-868-799-6751 (m)<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:sfortune@caricris.com\">sfortune@caricris.com<\/a>\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h5><span style=\"font-size: 8pt;\">Sharlene Gordon<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\">Phone: 1-876-618-9811<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:sgordon@caricris.com\">sgordon@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 September 14, 2023, CariCRIS reaffirmed the Issuer\/Sovereign Credit ratings of CariBBB- (Foreign and Local Currency Ratings) on its regional rating scale assigned to the The Government of Saint Lucia (GOSL). A stable outlook was maintained. RATING SENSITIVITY FACTORS: Factors that could lead to an improvement in the Ratings and\/ or Outlook include: [&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-1944","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>Goverrnment of Saint Lucia - 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\/goverrnment-of-saint-lucia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goverrnment of Saint Lucia - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On September 14, 2023, CariCRIS reaffirmed the Issuer\/Sovereign Credit ratings of CariBBB- (Foreign and Local Currency Ratings) on its regional rating scale assigned to the The Government of Saint Lucia (GOSL). 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