{"id":2438,"date":"2025-06-23T16:30:41","date_gmt":"2025-06-23T20:30:41","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=2438"},"modified":"2025-06-28T16:34:53","modified_gmt":"2025-06-28T20:34:53","slug":"sagicor-financial-company-limited-4","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/sagicor-financial-company-limited-4\/","title":{"rendered":"Sagicor Financial Company Limited"},"content":{"rendered":"

RATING ACTION:<\/strong>
\nOn June 13, 2025, CariCRIS reaffirmed the assigned issue ratings at CariAA+ (Foreign and Local Currency Ratings) on the regional rating scale and jmAAA (Foreign and Local Currency Ratings) on the Jamaica national scale to the debt issue of up to US $76 million of Sagicor Financial Company Limited (SFC or the Company). A stable outlook was assigned.<\/p>\n

RATING SENSITIVITY FACTORS:<\/strong>
\nFactors that could, individually or collectively, lead to an improvement in the\u00a0Ratings and\/ or Outlook include:<\/p>\n

Substantial improvement in the market position and financial performance and profitability of Sagicor Canada and Sagicor Jamaica<\/p>\n

Successful acquisitions and\/or regional expansion over the next 12 to 15 months with a concomitant material improvement in any of its main segments\u2019 market share and SFC\u2019s overall financial performance<\/p>\n

Factors that could, individually or collectively, lead to a lowering\u00a0of the Ratings and\/ or Outlook include:<\/p>\n

A significant change in capitalization, especially on account of future acquisitions resulting in the MCCSR falling to 175% or lower<\/p>\n

Substantial deterioration in consolidated financial performance, with a greater than 25% fall in total income<\/p>\n

Decrease in Interest Coverage to <1.5X<\/p>\n

A reduction in the creditworthiness of Jamaica where SFC derives more than 32% of its net insurance and investment result<\/p>\n

Analysts\u2019 Contact Info:<\/p>\n

Anelia Oudit
\nMobile: 1-868-487-8364
\naoudit@caricris.com<\/p>\n

Gemma Baliram
\ngbaliram@caricris.com<\/p>\n

Disclaimer: 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

RATING ACTION: On June 13, 2025, CariCRIS reaffirmed the assigned issue ratings at CariAA+ (Foreign and Local Currency Ratings) on the regional rating scale and jmAAA (Foreign and Local Currency Ratings) on the Jamaica national scale to the debt issue of up to US $76 million of Sagicor Financial Company Limited (SFC or the Company). […]<\/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-2438","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"\nSagicor Financial Company 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\/sagicor-financial-company-limited-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sagicor Financial Company Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On June 13, 2025, CariCRIS reaffirmed the assigned issue ratings at CariAA+ (Foreign and Local Currency Ratings) on the regional rating scale and jmAAA (Foreign and Local Currency Ratings) on the Jamaica national scale to the debt issue of up to US $76 million of Sagicor Financial Company Limited (SFC or the Company). 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