{"id":2026,"date":"2023-01-13T20:01:45","date_gmt":"2023-01-14T00:01:45","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=2026"},"modified":"2025-05-05T20:02:22","modified_gmt":"2025-05-06T00:02:22","slug":"home-mortgage-bank-s-collateralized-mortgage-obligation-cmo-2020-01-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/home-mortgage-bank-s-collateralized-mortgage-obligation-cmo-2020-01-2\/","title":{"rendered":"Home Mortgage Bank &#8216;s Collateralized Mortgage Obligation CMO-2020-01"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p><span style=\"font-size: 10pt;\"><span style=\"font-family: 'book antiqua', palatino;\">On December 15, 2022, CariCRIS reaffirmed the assigned ratings of<\/span> <em>tt<\/em><strong>A+<\/strong> (National Local Currency Ratings) on the Trinidad &amp; Tobago national scale for <strong>Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2020-01<\/strong><strong>. <\/strong>A<strong> stable<\/strong> outlook was assigned.<\/span><\/p>\n<p class=\"badge\">\u00a0RATING SENSITIVITY FACTORS:<\/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\">A NPL ratio below 5% sustained over the next 12 to 15 months and\/ or a return to delinquency levels of 2% &#8211; 4% within the underlying mortgage pool over the next 12-15 months.<\/li>\n<li data-mce-word-list=\"1\">Satisfactory repayment of Tranche C with payment flows in line with or above CariCRIS\u2019 expectations.<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><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\">Persistent deterioration in the mortgage pool quality with delinquency levels of above 20% and\/ or NPL ratio of above 8% within the underlying mortgage pool leading to heightened extension and\/ or default risk over the next 12-15 months.<\/li>\n<li data-mce-word-list=\"1\">Deterioration in TTMF\u2019s NPLs to Gross loans ratio of above 10.5% sustained for 2 financial periods.<\/li>\n<li data-mce-word-list=\"1\">A deterioration in the credit risk profile of T&amp;T leading to increased market risk<\/li>\n<li data-mce-word-list=\"1\">Cashflow shortfalls from the mortgage pool that may impair payments of principals and interests.<\/li>\n<\/ul>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong>RATING RATIONALE<\/strong><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\">The Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the overall issue ratings assigned to the TT $300 million Collateralised Mortgage Obligation (CMO) of Home Mortgage Bank (HMB) (CMO 2020-01) of <em>tt<\/em><strong>A+ (SO) <\/strong>on the Trinidad and Tobago (T&amp;T) national scale. This rating indicates that the overall level of creditworthiness of this structured debt obligation, adjudged in relation to other rated debt obligations within T&amp;T is <strong>good<\/strong>.<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/p>\n<p>Ke<span style=\"font-family: 'book antiqua', palatino;\">ith Hamlet<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\">Mobile : 1-868-487-4356<\/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; font-size: 10pt;\">Sharlene Gordon<\/span><\/h5>\n<h5><span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">Mobile\u00a0: 1-1876-618-9811<\/span><\/h5>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><span style=\"font-size: 10pt;\"><a href=\"mailto:sgordon@caricris.com\">sgordon@caricris.com<\/a>\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n<p><span style=\"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-size: 8pt;\"><strong><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/strong> <strong>\u00a0<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On December 15, 2022, CariCRIS reaffirmed the assigned ratings of ttA+ (National Local Currency Ratings) on the Trinidad &amp; Tobago national scale for Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2020-01. A stable outlook was assigned. \u00a0RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead to an improvement in the ratings [&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-2026","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>Home Mortgage Bank &#039;s Collateralized Mortgage Obligation CMO-2020-01 - 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\/home-mortgage-bank-s-collateralized-mortgage-obligation-cmo-2020-01-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Mortgage Bank &#039;s Collateralized Mortgage Obligation CMO-2020-01 - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On December 15, 2022, CariCRIS reaffirmed the assigned ratings of ttA+ (National Local Currency Ratings) on the Trinidad &amp; Tobago national scale for Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2020-01. 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