CariCRIS assigns ‘high creditworthiness’ ratings to the proposed debt facilities of up to US $33.7 million of Guyana Shore Base Incorporated (GYSBI)

July 18, 2023

Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initial ratings of CariAA- (Foreign and Local Currency Ratings) on the regional rating scale and gyAAA on the Guyana national scale (Foreign and Local Currency Ratings) to the proposed debt facilities of up to US $33.7 million of Guyana Shore Base Incorporated (GYSBI or the Company). The regional scale ratings indicate that the level of creditworthiness of this proposed debt obligation, adjudged in relation to other obligations in the Caribbean is high. The national scale ratings indicate that the level of creditworthiness of this proposed debt obligation, adjudged in relation to other obligations in Guyana, is the highest.