RATING ACTION:
On December 4, 2025, CariCRIS reaffirmed the Issuer/Corporate Credit ratings assigned to The Belize Bank Limited (BBL or the Bank) at CariBBB- (Foreign and Local Currency Ratings) on the regional rating scale, and bzAA+ (Local Currency Rating) on the Belize national scale. A stable outlook was maintained.
Download Full Rating Rationale
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the Ratings and/ or Outlook include:
- Improvement in the credit risk profile of the Government of Belize
- Increase in profitability, leading to ROEA and ROE of 5% and 30% or more for 2 financial years
- Improvement in asset quality with a NPL ratio of 3% or lower, sustained for 2 consecutive years
Factors that could, individually or collectively, lead to a lowering of the Ratings and/ or Outlook include:
- A weakening of Government of Belize’s credit risk profile
- The occurrence of any factors that may contribute to the deterioration of the CAR below the 9% minimum requirement for the Bank
- Decrease in profitability, leading to ROEA and ROE of 2% and 15% or lower for 2 consecutive years.
- Deterioration in asset quality with a NPL ratio to 5% or above, sustained for 2 financial years
- Cost to Income ratio weakens to 50% and over sustained for 2 financial years.
Analysts’ Contact Info:
Keith Hamlet
Tel: 1-868-487-4356
E-mail: khmalet@caricris.com
Sharlene Gordon
Tel: 1-876-564-5230
E-mail: sgordon@caricris.com
info@caricris.com
www.caricris.com