{"id":1993,"date":"2023-04-28T19:39:44","date_gmt":"2023-04-28T23:39:44","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1993"},"modified":"2025-05-05T19:40:34","modified_gmt":"2025-05-05T23:40:34","slug":"trinidad-and-tobago-unit-trust-corporation-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/trinidad-and-tobago-unit-trust-corporation-2\/","title":{"rendered":"Trinidad and Tobago Unit Trust Corporation"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On March 16, 2023, CariCRIS reaffirmed the assigned ratings at <em>Cari<\/em><strong>AA<\/strong> (Foreign and Local \u00a0Currency Ratings) on the regional rating scale and <em>tt<\/em><strong>AA<\/strong> (Local Currency Rating) on the Trinidad and Tobago (T&amp;T) national scale to Trinidad and Tobago Unit Trust Corporation (TTUTC). A<strong> stable<\/strong> outlook was assigned.<\/span><\/p>\n<p class=\"badge\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/span><\/p>\n<p><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><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Improving market and economic conditions over the next 12-15 months, leading to sustained Net Investment Income growth in excess of 20%.<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Diversification of funds under management to include a greater share of millennial unitholders.<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Successful expansion and implementation of operations into the Caribbean.<\/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 ratings\/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 sustained decline in equity prices and interest rates over the next 12-15 months, leading to a 30% decline in Net Investment Income.<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A deterioration in the credit quality of the fixed-income portfolios below investment grade.<\/span><\/li>\n<\/ul>\n<h5><span style=\"font-family: 'book antiqua', palatino; font-size: 8pt;\">Keith Hamlet<\/span><\/h5>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 8pt;\">Mobile : 1-868-487-4356<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino; 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; font-family: 'book antiqua', palatino;\">Sultan Mohammed<\/span><\/h5>\n<h5><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\">Mobile\u00a0: 1-1868-362-7304<\/span><\/h5>\n<h5><span style=\"font-size: 8pt;\"><a href=\"mailto:smohammed@caricris.com\">smohammed@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/h5>\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;\"><span style=\"font-size: 8pt;\"><strong><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/strong> <\/span><strong>\u00a0<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 16, 2023, CariCRIS reaffirmed the assigned ratings at CariAA (Foreign and Local \u00a0Currency Ratings) on the regional rating scale and ttAA (Local Currency Rating) on the Trinidad and Tobago (T&amp;T) national scale to Trinidad and Tobago Unit Trust Corporation (TTUTC). A stable outlook was assigned. RATING SENSITIVITY FACTORS: Factors that could, [&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-1993","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>Trinidad and Tobago Unit Trust Corporation - 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\/trinidad-and-tobago-unit-trust-corporation-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trinidad and Tobago Unit Trust Corporation - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 16, 2023, CariCRIS reaffirmed the assigned ratings at CariAA (Foreign and Local \u00a0Currency Ratings) on the regional rating scale and ttAA (Local Currency Rating) on the Trinidad and Tobago (T&amp;T) national scale to Trinidad and Tobago Unit Trust Corporation (TTUTC). A stable outlook was assigned. 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