ANSA McAL earns high CariCRIS credit ratings

ANSA McAL Lim­it­ed has been as­signed ini­tial is­suer cred­it rat­ings of Cari­AA on the re­gion­al scale and ttAA on the Trinidad and To­ba­go na­tion­al scale by Caribbean In­for­ma­tion and Cred­it Rat­ing Ser­vices Lim­it­ed (Cari­CRIS).

In a me­dia re­lease is­sued on Wednes­day, the com­pa­ny says the rat­ings re­flect a high lev­el of cred­it­wor­thi­ness rel­a­tive to oth­er bor­row­ers in Trinidad and To­ba­go and across the Caribbean.

Cari­CRIS al­so as­signed the Group a Sta­ble Out­look, in­di­cat­ing its ex­pec­ta­tion that ANSA McAL will main­tain prof­itable op­er­a­tions, healthy debt ser­vic­ing met­rics, and strong fi­nan­cial per­for­mance over the next 12 to 15 months.

Group Chief Ex­ec­u­tive Of­fi­cer An­tho­ny N. Sab­ga III says the rat­ings recog­nise the com­pa­ny’s long-term strat­e­gy and fi­nan­cial dis­ci­pline.

“For 145 years, ANSA McAL has built a busi­ness found­ed on re­silience, dis­ci­plined growth and a com­mit­ment to cre­at­ing long-term val­ue. Over the past sev­er­al years, we have de­lib­er­ate­ly strength­ened the Group through our 2X Agen­da, in­vest­ing in our busi­ness­es, im­prov­ing op­er­a­tional ef­fi­cien­cy, ex­pand­ing our re­gion­al foot­print, and po­si­tion­ing our­selves to com­pete in an evolv­ing glob­al mar­ket­place.

“We are pleased that Cari­CRIS has recog­nised the strength of our busi­ness, our gov­er­nance, and our fi­nan­cial dis­ci­pline. Their as­sess­ment re­in­forces our be­lief that the strate­gic de­ci­sions we are mak­ing to­day are build­ing a stronger, more com­pet­i­tive or­gan­i­sa­tion that is well po­si­tioned for sus­tain­able growth across the Caribbean.”

Ac­cord­ing to the com­pa­ny, the rat­ings were sup­port­ed by its mar­ket po­si­tion as one of the Caribbean’s largest con­glom­er­ates, with a lead­ing pres­ence in the bev­er­age, dis­tri­b­u­tion and fi­nan­cial ser­vices sec­tors.

ANSA McAL says Cari­CRIS al­so con­sid­ered its con­sis­tent rev­enue growth, prof­itabil­i­ty, di­ver­si­fied port­fo­lio of busi­ness­es and in­vest­ments, strong cap­i­tal­i­sa­tion, healthy liq­uid­i­ty, sound debt pro­tec­tion met­rics, cor­po­rate gov­er­nance, risk man­age­ment and sus­tain­abil­i­ty prac­tices.

The com­pa­ny adds that its ge­o­graph­ic di­ver­si­fi­ca­tion has strength­ened for­eign cur­ren­cy earn­ings and im­proved its re­silience amid for­eign ex­change con­straints and wider glob­al eco­nom­ic pres­sures.