{"id":2387,"date":"2025-05-12T17:33:04","date_gmt":"2025-05-12T21:33:04","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=2387"},"modified":"2025-05-19T17:34:55","modified_gmt":"2025-05-19T21:34:55","slug":"massy-holdings-limited-3","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/massy-holdings-limited-3\/","title":{"rendered":"Massy Holdings Limited"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p>On March 14, 2025, CariCRIS reaffirmed the Issuer\/Corporate Credit ratings assigned to <strong>Massy Holdings Limited and its subsidiaries (Massy or the Group)<\/strong> at <em>Cari<\/em><strong>AA+<\/strong> (Foreign and Local Currency Ratings) on the regional rating scale and <em>tt<\/em><strong>AA+<\/strong> (Foreign and Local Currency Ratings) on the Trinidad and Tobago national scale<strong>. <\/strong>A <strong>stable<\/strong> outlook was maintained.<\/p>\n<p class=\"badge\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/p>\n<p><strong>Factors that could, individually or collectively, lead to an improvement in the\u00a0Ratings and\/ or Outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>An increase in profitability resulting in annualized return on assets (ROA) &gt; 6.5% for 2 consecutive financial period<\/li>\n<li>Annualised return on capital employed (ROCE) &gt; 16.5% for 2 consecutive financial periods<\/li>\n<li>An increase in operating cash flows leading to an improvement in effective debt service coverage ratio (DSCR) to &gt; 6 times for 2 consecutive financial periods<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering\u00a0<\/strong><strong>of the Ratings and\/ or Outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>A decline in profitability resulting in annualized ROA &lt; 5% for 2 consecutive financial periods<\/li>\n<li>Annualised ROCE &lt; 10% for 2 consecutive financial periods<\/li>\n<li>A decline in operating cash flows leading to a deterioration in effective DSCR to &lt; 1 time<\/li>\n<\/ul>\n<div><\/div>\n<div><strong>Analysts\u2019 Contact Info:<\/strong><\/div>\n<div><\/div>\n<div>\n<p>Keith Hamlet<br \/>\nMobile: 1-868-487-8356<br \/>\n<a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/p>\n<p>Megan Dass<br \/>\nMobile: 1-868-713-6863<br \/>\n<a href=\"mailto:mdass@caricris.com\">mdass@caricris.com<\/a><\/p>\n<\/div>\n<div><\/div>\n<div><span style=\"font-size: 10pt;\"><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><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 14, 2025, CariCRIS reaffirmed the Issuer\/Corporate Credit ratings assigned to Massy Holdings Limited and its subsidiaries (Massy or the Group) at CariAA+ (Foreign and Local Currency Ratings) on the regional rating scale and ttAA+ (Foreign and Local Currency Ratings) on the Trinidad and Tobago national scale. 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-2387","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 - 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-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massy Holdings Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 14, 2025, CariCRIS reaffirmed the Issuer\/Corporate Credit ratings assigned to Massy Holdings Limited and its subsidiaries (Massy or the Group) at CariAA+ (Foreign and Local Currency Ratings) on the regional rating scale and ttAA+ (Foreign and Local Currency Ratings) on the Trinidad and Tobago national scale. A stable outlook was maintained. 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