{"id":2479,"date":"2022-12-19T10:05:42","date_gmt":"2022-12-19T14:05:42","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=2479"},"modified":"2025-06-29T11:31:19","modified_gmt":"2025-06-29T15:31:19","slug":"wigton-windfarm-limited-4","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/wigton-windfarm-limited-4\/","title":{"rendered":"Wigton Windfarm Limited"},"content":{"rendered":"<p class=\"badge\"><strong>RATING ACTION:<\/strong><\/p>\n<p><span style=\"font-size: 10pt;\"><span style=\"font-family: 'book antiqua', palatino;\">On December 7, 2022, CariCRIS reaffirmed the assigned issue credit ratings of<\/span> <em>Cari<\/em><strong>BBB<\/strong> (Local Currency Rating) on the regional scale and <em>jm<\/em><strong>A<\/strong> (Local Currency Rating) on the Jamaica national scale to the J $5.8 billion bond issue of <strong>Wigton Windfarm Limited (Wigton or the Company). <\/strong>A stable outlook was maintained.<\/span><\/p>\n<p class=\"badge\">\u00a0RATING SENSITIVITY FACTORS:<\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong><span style=\"text-decoration: underline;\">Factors that could, individually or collectively, lead to an improvement in the ratings and \/or outlook include:<\/span><\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\">S<span style=\"font-family: 'book antiqua', palatino;\">uccessful diversification by the Company into other renewable sources of energy or geographical markets, thereby boosting revenue stability and\/or expansion.<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Improved operating efficiency, with capacity and availability metrics consistently meeting targets.<\/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;\">Breach of any of the debt covenants.<\/span><\/li>\n<li data-mce-word-list=\"1\">Failure to satisfy any of the performance requirements of the Power Purchase Agreements.<\/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;\">Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the assigned issue ratings of <em>Cari<\/em><strong>BBB <\/strong>(Local Currency Rating) on the regional rating scale and <em>jm<\/em><strong>A <\/strong>(Local Currency Rating) on the Jamaica national scale to the J $5.8 billion bond issue of Wigton Windfarm Limited (Wigton or the Company). The regional scale rating indicates that the level of creditworthiness of this obligation, adjudged in relation to other obligations in the Caribbean is <strong>adequate.<\/strong> The national scale ratings indicate that the level of creditworthiness of this obligation, adjudged in relation to other obligations in Jamaica is <strong>good.<\/strong><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\">CariCRIS has also maintained a <strong>stable<\/strong> outlook on the ratings<strong>. <\/strong>The stable outlook is based on our expectation of continued good performance by Wigton over the next 12-15 months, driven by the key credit drivers supporting the ratings, with all debt service commitments expected to be paid in a timely manner over the period.<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/p>\n<h5>A<span style=\"font-family: 'book antiqua', palatino;\">nelia Oudit<\/span><\/h5>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 8pt;\">Mobile : 1-868-487-8364<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><a href=\"mailto:aoudit@caricris.com\">aoudit@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/p>\n<h5><span style=\"font-family: 'book antiqua', palatino; font-size: 8pt;\">Kyla Balwant<\/span><\/h5>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><a href=\"mailto:kbalwant@caricris.com\">kbalwant@caricris.com<\/a>\u00a0 \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On December 7, 2022, CariCRIS reaffirmed the assigned issue credit ratings of CariBBB (Local Currency Rating) on the regional scale and jmA (Local Currency Rating) on the Jamaica national scale to the J $5.8 billion bond issue of Wigton Windfarm Limited (Wigton or the Company). A stable outlook was maintained. \u00a0RATING SENSITIVITY FACTORS: [&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-2479","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>Wigton Windfarm 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\/wigton-windfarm-limited-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wigton Windfarm Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On December 7, 2022, CariCRIS reaffirmed the assigned issue credit ratings of CariBBB (Local Currency Rating) on the regional scale and jmA (Local Currency Rating) on the Jamaica national scale to the J $5.8 billion bond issue of Wigton Windfarm Limited (Wigton or the Company). A stable outlook was maintained. \u00a0RATING SENSITIVITY FACTORS: [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/wigton-windfarm-limited-4\/\" \/>\n<meta property=\"og:site_name\" content=\"CariCRIS\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-19T14:05:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-29T15:31:19+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"headline\":\"Wigton Windfarm Limited\",\"datePublished\":\"2022-12-19T14:05:42+00:00\",\"dateModified\":\"2025-06-29T15:31:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/\"},\"wordCount\":312,\"commentCount\":0,\"articleSection\":[\"Rating Releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/\",\"name\":\"Wigton Windfarm Limited - CariCRIS\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#website\"},\"datePublished\":\"2022-12-19T14:05:42+00:00\",\"dateModified\":\"2025-06-29T15:31:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/wigton-windfarm-limited-4\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wigton Windfarm Limited\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#website\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/\",\"name\":\"CariCRIS\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\",\"name\":\"admin\",\"sameAs\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\"],\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wigton Windfarm Limited - CariCRIS","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/wigton-windfarm-limited-4\/","og_locale":"en_US","og_type":"article","og_title":"Wigton Windfarm Limited - CariCRIS","og_description":"RATING ACTION: On December 7, 2022, CariCRIS reaffirmed the assigned issue credit ratings of CariBBB (Local Currency Rating) on the regional scale and jmA (Local Currency Rating) on the Jamaica national scale to the J $5.8 billion bond issue of Wigton Windfarm Limited (Wigton or the Company). 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