May 31, 2022
Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initial issue ratings of CariAA- (Foreign and Local Currency Ratings) on the regional rating scale, and ttAA- on the Trinidad and Tobago (T&T) national scale to the proposed bond issue of up to TT $100 million of Development Finance Limited (DFL or the Company). These ratings indicate that the level of creditworthiness of this obligation, adjudged in relation to other obligations in the Caribbean and within T&T is high. The ratings include a 4- notch credit uplift due to the proposed bond being fully secured by Government of the Republic of Trinidad and Tobago (GORTT) securities and GORTT-guaranteed securities.
Development-Finance-Limited-Bond-Issue-Rating-31-May-2022