{"id":1989,"date":"2023-06-22T19:37:36","date_gmt":"2023-06-22T23:37:36","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1989"},"modified":"2025-05-05T19:38:33","modified_gmt":"2025-05-05T23:38:33","slug":"point-lisas-industrial-port-development-corporation-limited-3","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/point-lisas-industrial-port-development-corporation-limited-3\/","title":{"rendered":"Point Lisas Industrial Port Development Corporation Limited"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On June 15, 2023, CariCRIS reaffirmed the assigned issuer\/corporate credit ratings of <em>Cari<\/em><strong>A+ <\/strong>(Foreign and Local Currency Ratings) on the regional rating scale, and <em>tt<\/em><strong>A+<\/strong> (Foreign and Local Currency Ratings) on the Trinidad and Tobago (T&amp;T) national scale to <strong>Point Lisas Industrial Port Development Corporation Limited (PLIPDECO or the Company).<\/strong> A stable outlook was assigned.<\/span><\/p>\n<p class=\"badge\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>\u00a0<\/strong><strong>RATING SENSITIVITY FACTORS:<\/strong><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could individually or collectively, 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;\">A greater than 8% y-o-y improvement in revenue for 2 consecutive years<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">An improvement in profits by 40% for 2 consecutive years excluding the effects of revaluation gains<\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could individually or collectively, 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;\">A material decline of 10% in revenue and profits in 2023<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Current ratio of &lt;1x for a sustained period of 12-18 months<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Any material Company event that can result in defaul<\/span>t\/breaches of covenants<\/li>\n<\/ul>\n<h4><span style=\"font-family: 'book antiqua', palatino;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/h4>\n<h6><span style=\"font-size: 8pt;\">A<span style=\"font-family: 'book antiqua', palatino;\">nelia Oudit<\/span><\/span><\/h6>\n<h6><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\">Mobile : 1-868-487-8364<\/span><\/h6>\n<h6><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\"><a href=\"mailto:aoudit@caricris.com\">aoudit@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/h6>\n<h6><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\">Brandon Singh<\/span><\/h6>\n<h6><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\"><a href=\"mailto:bsingh@caricris.com\">bsingh@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/h6>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 8pt;\"><a href=\"http:\/\/www.caricris.com\"><strong>www.caricris.com<\/strong><\/a><strong>\u00a0 <\/strong><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 8pt;\"><strong><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/strong> <strong><br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\"><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 June 15, 2023, CariCRIS reaffirmed the assigned issuer\/corporate credit ratings of CariA+ (Foreign and Local Currency Ratings) on the regional rating scale, and ttA+ (Foreign and Local Currency Ratings) on the Trinidad and Tobago (T&amp;T) national scale to Point Lisas Industrial Port Development Corporation Limited (PLIPDECO 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-1989","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>Point Lisas Industrial Port Development Corporation 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\/point-lisas-industrial-port-development-corporation-limited-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Point Lisas Industrial Port Development Corporation Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On June 15, 2023, CariCRIS reaffirmed the assigned issuer\/corporate credit ratings of CariA+ (Foreign and Local Currency Ratings) on the regional rating scale, and ttA+ (Foreign and Local Currency Ratings) on the Trinidad and Tobago (T&amp;T) national scale to Point Lisas Industrial Port Development Corporation Limited (PLIPDECO or the Company). 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