CariCRIS Rating Scale & Definitions
| Long-term rating scale |
| Regional |
National |
Definition |
| CariAAA |
**AAA |
Highest |
| CariAA(+/-) |
**AA(+/-) |
High |
| CariA(+/-) |
**A(+/-) |
Good |
| CariBBB(+/-) |
**BBB(+/-) |
Adequate |
| CariBB(+/-) |
**BB(+/-) |
Speculative |
| CariB(+/-) |
**B(+/-) |
Weak |
| CariC(+/-) |
**C(+/-) |
Very Weak |
| CariD |
**D |
Default |
|
|
| Short-term rating scale |
| Regional |
National |
Definition |
| CariP1/P1+ |
**P1/P1+ |
Very Strong |
| CariP2/P2+ |
**P2/P2+ |
Strong |
| CariP3/P3+ |
**P3/P3+ |
Adequate |
| CariP4 |
**P4 |
Speculative |
| CariP5 |
**P5 |
Default |
|
Regional scale ratings use the listed rating symbols with the prefix 'Cari' while national scale ratings use the above symbols with the prefix applicable for the respective national scale 'bb' for the Barbados national scale, 'jm' for the Jamaica national scale and 'tt' for the Trinidad and Tobago national scale.
The long-term rating scale is used for debt instruments with original tenure of more than 1 year, whereas the short-term ratings scale is used for commercial paper or debt instruments with original tenure of up to 1 year.
Regional Rating Scale
The rating indicates that the level of creditworthiness of an obligation/obligor adjudged in relation to other obligations/ obligors in the Caribbean* is…(as per the table).
* The term Caribbean as used here covers the following countries: Bahamas, Barbados, Belize, Costa Rica, Dominican Republic, Guyana, Haiti, Jamaica, Panama, Suriname, Trinidad and Tobago and the following countries in the OECS: Anguilla, Antigua & Barbuda, Dominica, Grenada, Montserrat, St. Kitts & Nevis, Saint Lucia and St. Vincent & the Grenadines.
National Rating Scale
The rating indicates that the level of creditworthiness of an obligation/obligor adjudged in relation to other obligations/ obligors in [country name] (e.g. Jamaica) is…(as per the table above). |
