{"id":2000,"date":"2023-04-11T19:44:48","date_gmt":"2023-04-11T23:44:48","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=2000"},"modified":"2025-05-18T17:14:49","modified_gmt":"2025-05-18T21:14:49","slug":"massy-holdings-limited-massy","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/massy-holdings-limited-massy\/","title":{"rendered":"Massy Holdings Limited (Massy)"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On March 16, 2023, CariCRIS reaffirmed the Issuer\/Corporate Credit ratings <em>Cari<\/em><strong>AA+<\/strong> (Foreign and Local Currency Ratings) on its regional rating scale and <em>tt<\/em><strong>AA+<\/strong> (Foreign and Local Currency Ratings) on its Trinidad and Tobago national rating scale assigned to <strong>Massy Holdings Limited and its subsidiaries (Massy or the Group). <\/strong>A <strong>stable<\/strong> outlook was maintained.<\/span><\/p>\n<p class=\"badge\"><strong>\u00a0<\/strong><strong>RATING SENSITIVITY FACTORS:<\/strong><\/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;\">Continued intraregional and extra-regional expansion resulting in an increase in operating revenue by &gt; 15% for 2 consecutive financial periods<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">An improvement in operating profit margin to &gt; 12.5% for 2 consecutive financial periods<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">An increase in operating cash flows leading to an improvement in effective DSCR to &gt; 7.5 times for 2 consecutive financial periods<\/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 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;\">A deterioration in operating profit margin to &lt; 5% for 2 consecutive financial periods<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A decline in operating cash flows leading to a deterioration in effective DSCR to &lt; 1.2 times for 2 consecutive financial periods<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-family: 'book antiqua', palatino;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/h3>\n<h5><span style=\"font-family: 'book antiqua', palatino;\">Keith Hamlet<\/span><\/h5>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">Mobile: 1-868-487-8356<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/p>\n<h5><span style=\"font-family: 'book antiqua', palatino;\">Megan Dass<\/span><\/h5>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><a href=\"mailto:mdass@caricris.com\">mdass@caricris.com<\/a> \u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><a href=\"http:\/\/www.caricris.com\"><strong>www.caricris.com<\/strong><\/a><strong> \u00a0\u00a0<\/strong><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/strong><\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><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><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 16, 2023, CariCRIS reaffirmed the Issuer\/Corporate Credit ratings CariAA+ (Foreign and Local Currency Ratings) on its regional rating scale and ttAA+ (Foreign and Local Currency Ratings) on its Trinidad and Tobago national rating scale assigned to Massy Holdings Limited and its subsidiaries (Massy or the Group). A stable outlook was maintained. [&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-2000","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>Massy Holdings Limited (Massy) - 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\/massy-holdings-limited-massy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massy Holdings Limited (Massy) - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 16, 2023, CariCRIS reaffirmed the Issuer\/Corporate Credit ratings CariAA+ (Foreign and Local Currency Ratings) on its regional rating scale and ttAA+ (Foreign and Local Currency Ratings) on its Trinidad and Tobago national rating scale assigned to Massy Holdings Limited and its subsidiaries (Massy or the Group). A stable outlook was maintained. 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