{"id":3160,"date":"2025-07-10T21:01:51","date_gmt":"2025-07-11T01:01:51","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=3160"},"modified":"2025-07-11T06:33:09","modified_gmt":"2025-07-11T10:33:09","slug":"dominica-agricultural-industrial-and-development-bank-7","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/dominica-agricultural-industrial-and-development-bank-7\/","title":{"rendered":"Dominica Agricultural, Industrial and Development Bank"},"content":{"rendered":"<p class=\"badge\"><strong>RATING ACTION:<\/strong><\/p>\n<p>On March 14, 2025, CariCRIS reaffirmed the ratings currently assigned to the <strong>Dominica Agricultural, Industrial and Development Bank<\/strong> (DAID or the Bank) at <em>Cari<\/em><strong>B<\/strong> (Foreign and Local Currency Ratings) on the regional rating scale<strong>. <\/strong>A <strong>stable<\/strong> outlook was assigned.<\/p>\n<p><a href=\"https:\/\/craftedcaribbean.com\/caricris\/rating\/rating-dominica-agricultural-industrial-and-development-bank\/\">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>An upgrade to the sovereign credit rating of the GOCD<\/li>\n<li>Improvement in the NPL ratio to less than 16%<\/li>\n<li>Improvement in the cost to income ratio to 95% or lower, sustained for 2 financial periods<\/li>\n<li>Adherence to the EIB\u2019s revised financial covenants<\/li>\n<li>Sustained profitable operations, leading to ROEA and ROE of 0.1% and 0.8% or above, for 2 financial periods<\/li>\n<li>Progress in the implementation of the Bank\u2019s ERM framework<\/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 change in the sovereign credit rating of the GOCD<\/li>\n<li>Sustained NPL ratio of 45% or more over for the next 12 \u2013 15 months<\/li>\n<li>Further delay in the full implementation of the Bank\u2019s Enterprise Risk Management Framework<\/li>\n<li>Any loss of major funding lines without identification of a suitable alternative<\/li>\n<li>A decline in the liquidity ratio to 1 time or less over the next 12 months<\/li>\n<li>A fall in the Bank\u2019s capital adequacy ratio to less than 25% over the next 12 \u2013 15 months<\/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>Sharlene Gordon<br \/>\nMobile: 1-868-487-8356<br \/>\n<a href=\"mailto:sgordon@caricris.com\">sgordon@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 March 14, 2025, CariCRIS reaffirmed the ratings currently assigned to the Dominica Agricultural, Industrial and Development Bank (DAID or the Bank) at CariB (Foreign and Local Currency Ratings) on the regional rating scale. A stable outlook was assigned. Download Full Rating Rationale RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead [&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-3160","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>Dominica Agricultural, Industrial and Development Bank - 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\/dominica-agricultural-industrial-and-development-bank-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dominica Agricultural, Industrial and Development Bank - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 14, 2025, CariCRIS reaffirmed the ratings currently assigned to the Dominica Agricultural, Industrial and Development Bank (DAID or the Bank) at CariB (Foreign and Local Currency Ratings) on the regional rating scale. A stable outlook was assigned. 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