{"id":2534,"date":"2022-11-03T14:36:35","date_gmt":"2022-11-03T18:36:35","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=2534"},"modified":"2025-06-29T14:41:27","modified_gmt":"2025-06-29T18:41:27","slug":"access-financial-services-limited-afs-4","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/access-financial-services-limited-afs-4\/","title":{"rendered":"Access Financial Services Limited (AFS)"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p>On October 25, 2022, CariCRIS assigned initial issuer\/corporate credit ratings of <em>Cari<\/em><strong>BBB-<\/strong> (Local Currency Rating) and <em>Cari<\/em><strong>BB+ <\/strong>(Foreign Currency Rating) on the regional rating scale, and <em>jm<\/em><strong>BBB+<\/strong> (Local Currency Rating) and <em>jm<\/em><strong>BBB<\/strong> (Foreign Currency Rating) on the Jamaica national scale for <strong>Access Financial Services Limited (AFS or the Group). <\/strong>A stable outlook was assigned.<\/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 ratings and \/or outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\">An improvement in the credit risk profile of the Government of Jamaica<\/li>\n<li data-mce-word-list=\"1\">Improving business conditions over the next 12-15 months, thereby leading to growth in total asset base &gt; 18% and\/or sustained earnings growth &gt; 10% over the next 2 years<\/li>\n<li data-mce-word-list=\"1\">Diversity in revenue streams through the successful launch of new products<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering of the ratings\/or outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\">A deterioration in the credit risk profile of the Government of Jamaica<\/li>\n<li data-mce-word-list=\"1\">Change in AFS\u2019 debt\/ TNW or TNW\/Total Assets ratios &gt; 1.5 times or &lt; 25% respectively<\/li>\n<li data-mce-word-list=\"1\">A sustained decrease in yield from interest earning assets &gt; 600 basis points over the next 12-15 months, thereby leading to a tightening of the net interest spread earned<\/li>\n<li data-mce-word-list=\"1\">A fall in AFS\u2019 net loans and advances by more than 20%<\/li>\n<li data-mce-word-list=\"1\">A deterioration in AFS\u2019 Gross NPLs\/Gross Loans ratio to &gt; 8%<\/li>\n<\/ul>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<p>Anelia Oudit<\/p>\n<p>Mobile : 1-868-487-8364<\/p>\n<p><a href=\"mailto:aoudit@caricris.com\">aoudit@caricris.com<\/a><\/p>\n<p>Jeffrey James<\/p>\n<p><a href=\"mailto:jjames@caricris.com\">jjames@caricris.com<\/a><\/p>\n<p><a href=\"http:\/\/www.caricris.com\"><strong>www.caricris.com<\/strong><\/a><strong>\u00a0 <\/strong><\/p>\n<p><strong><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On October 25, 2022, CariCRIS assigned initial issuer\/corporate credit ratings of CariBBB- (Local Currency Rating) and CariBB+ (Foreign Currency Rating) on the regional rating scale, and jmBBB+ (Local Currency Rating) and jmBBB (Foreign Currency Rating) on the Jamaica national scale for Access Financial Services Limited (AFS or the Group). A stable outlook was [&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-2534","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>Access Financial Services Limited (AFS) - 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\/access-financial-services-limited-afs-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Access Financial Services Limited (AFS) - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On October 25, 2022, CariCRIS assigned initial issuer\/corporate credit ratings of CariBBB- (Local Currency Rating) and CariBB+ (Foreign Currency Rating) on the regional rating scale, and jmBBB+ (Local Currency Rating) and jmBBB (Foreign Currency Rating) on the Jamaica national scale for Access Financial Services Limited (AFS or the Group). A stable outlook was [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/access-financial-services-limited-afs-4\/\" \/>\n<meta property=\"og:site_name\" content=\"CariCRIS\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-03T18:36:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-29T18:41:27+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\\\/access-financial-services-limited-afs-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/access-financial-services-limited-afs-4\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"headline\":\"Access Financial Services Limited (AFS)\",\"datePublished\":\"2022-11-03T18:36:35+00:00\",\"dateModified\":\"2025-06-29T18:41:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/access-financial-services-limited-afs-4\\\/\"},\"wordCount\":250,\"commentCount\":0,\"articleSection\":[\"Rating Releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/access-financial-services-limited-afs-4\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/access-financial-services-limited-afs-4\\\/\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/access-financial-services-limited-afs-4\\\/\",\"name\":\"Access Financial Services Limited (AFS) - 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