{"id":3143,"date":"2025-07-02T20:50:35","date_gmt":"2025-07-03T00:50:35","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=3143"},"modified":"2025-07-11T06:53:17","modified_gmt":"2025-07-11T10:53:17","slug":"pbs-technologies-trinidad-limited-7","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/pbs-technologies-trinidad-limited-7\/","title":{"rendered":"PBS Technologies (Trinidad) Limited"},"content":{"rendered":"<p class=\"badge\"><strong>RATING ACTION:<\/strong><\/p>\n<p>On June 13, 2025, CariCRIS upgraded the Issuer\/Corporate Credit ratings assigned to<strong> PBS Technologies (Trinidad) Limited (PBSTTL or the Company)<\/strong> by 1 notch to <em>Cari<\/em><strong>A<\/strong> (Foreign Currency Rating) and <em>Cari<\/em><strong>A+ <\/strong>(Local Currency Rating) on the regional rating scale, and <em>tt<\/em><strong>A<\/strong> (Foreign Currency Rating) and <em>tt<\/em><strong>A+ <\/strong>(Local Currency Rating) on the Trinidad and Tobago national scale. A<strong> stable <\/strong>outlook was assigned.<\/p>\n<p><a href=\"https:\/\/craftedcaribbean.com\/caricris\/rating\/rating-pbs-technologies-trinidad-limited-2\/\">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\u00a0Ratings and\/ or Outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>A return on assets (ROA) of 10% or above for 2 consecutive years<\/li>\n<li>Interest coverage ratio of 5 times or more for 2 consecutive years<\/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 the Gross Profit Margin to 35% or below for 1 year<\/li>\n<li>A weakening of interest cover to below 2 times<\/li>\n<li>A deterioration in debt\/ tangible net worth (TNW) to more than 1.5 times<\/li>\n<li>Material deviation of PBSTTL\u2019s audited financial accounts for 2024 from management accounts presented, resulting in a lower debt service coverage ratio (DSCR) and effective DSCR to less than 1 time and 2.5 times, respectively<\/li>\n<li>A demand by the Company\u2019s parent, PBS, on its promissory note leading to an adverse impact on the Company\u2019s cash flow adequacy and financial flexibility<\/li>\n<li>Deterioration in the sovereign risk profiles of the countries in which the Company operates<\/li>\n<\/ul>\n<div><\/div>\n<div><span style=\"font-size: 12pt;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/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>Maxwell Gooding<br \/>\n<a href=\"mailto:mgooding@caricris.com\">mgooding@caricris.com<\/a><\/p>\n<\/div>\n<div><\/div>\n<div>www.caricris.com<br \/>\n<a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/div>\n<div><\/div>\n<div><strong>Disclaimer<\/strong><strong>:<\/strong> CariCRIS has taken due care and caution in the 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.<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On June 13, 2025, CariCRIS upgraded the Issuer\/Corporate Credit ratings assigned to PBS Technologies (Trinidad) Limited (PBSTTL or the Company) by 1 notch to CariA (Foreign Currency Rating) and CariA+ (Local Currency Rating) on the regional rating scale, and ttA (Foreign Currency Rating) and ttA+ (Local Currency Rating) on the Trinidad and Tobago [&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-3143","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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