May 9, 2023
Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the ratings of CariAA- (Local Currency Rating) on the regional rating scale, and ttAA- on the Trinidad and Tobago (T&T) national scale to the TT $63.3 million bond issue 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 assigned ratings include a 4-notch credit uplift due to the bond being fully secured by Government of the Republic of Trinidad and Tobago (GORTT) securities and GORTT-guaranteed securities.
DFL-Rating-Release-05-May-2023