{"id":3137,"date":"2025-06-30T20:44:57","date_gmt":"2025-07-01T00:44:57","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=3137"},"modified":"2025-07-11T08:41:13","modified_gmt":"2025-07-11T12:41:13","slug":"sygnus-credit-investments-limited-7","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/sygnus-credit-investments-limited-7\/","title":{"rendered":"Sygnus Credit Investments Limited"},"content":{"rendered":"<p class=\"badge\"><strong>RATING ACTION:<\/strong><\/p>\n<p>On June 13, 2025, CariCRIS reaffirmed the assigned Issuer\/Corporate Credit Ratings of <em>Cari<\/em><strong>BBB- <\/strong>(Foreign and Local Currency Ratings) on the regional rating scale, and <em>jm<\/em><strong>BBB+<\/strong> (Foreign and Local Currency Ratings) on the Jamaica national scale to <strong>Sygnus Credit Investments Limited (SCI or the Company).<\/strong> A positive outlook was assigned.<\/p>\n<p><a href=\"https:\/\/craftedcaribbean.com\/caricris\/rating\/rating-sygnus-credit-investments-limited\/\">Download Full Rating Rationale<\/a><\/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 rating and\/or outlook:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\">Improving business conditions over the next 12-15 months, thereby leading to an increased client base and sustained earnings growth as evidenced by growth in operating profit margin to 60% or more<\/li>\n<li data-mce-word-list=\"1\">SCI\u2019s ability to attract and retain lower-cost funding to below 6% and\/or improvement in the net interest rate spread to over 2% over the next 12-15 months<\/li>\n<li data-mce-word-list=\"1\">ROEA increases to 4.5% over the next 12 to 15 months<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering of the rating and\/or outlook: <\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\">Deterioration of asset quality as measured by the non-performing investment ratio to 8% or more, sustained for 2 consecutive years<\/li>\n<li data-mce-word-list=\"1\">Increase of SCI\u2019s debt to TNW and\/or total debt to total assets ratio to over 1.2 times or above 50% respectively, for 2 consecutive financial years<\/li>\n<li data-mce-word-list=\"1\">A sustained decrease in the net interest spread earned on investments to less than 1% for 2 consecutive financial years<\/li>\n<\/ul>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<div>Anelia Oudit<\/div>\n<div>Mobile : 1-868-487-8364<\/div>\n<div><a href=\"mailto:aoudit@caricris.com\">aoudit@caricris.com<\/a><\/div>\n<div><\/div>\n<div>\n<div>\n<h4>Keevan Roopan<\/h4>\n<h4><a href=\"mailto:kroopan@caricris.com\">kroopan@caricris.com<\/a><\/h4>\n<p><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.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On June 13, 2025, CariCRIS reaffirmed the assigned Issuer\/Corporate Credit Ratings of CariBBB- (Foreign and Local Currency Ratings) on the regional rating scale, and jmBBB+ (Foreign and Local Currency Ratings) on the Jamaica national scale to Sygnus Credit Investments Limited (SCI or the Company). A positive outlook was assigned. Download Full Rating Rationale [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-3137","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>Sygnus Credit Investments 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\/sygnus-credit-investments-limited-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sygnus Credit Investments Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On June 13, 2025, CariCRIS reaffirmed the assigned Issuer\/Corporate Credit Ratings of CariBBB- (Foreign and Local Currency Ratings) on the regional rating scale, and jmBBB+ (Foreign and Local Currency Ratings) on the Jamaica national scale to Sygnus Credit Investments Limited (SCI or the Company). A positive outlook was assigned. 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