Caribbean Information and Credit Rating Services Limited has reaffirmed the assigned issue ratings of CariBBB+ on the regional rating scale and on the Jamaica national scale to the Jamaican $5.8 billion bond issue of Wigton Energy Limited.
The regional scale rating indicates that the level of creditworthiness of this obligation, adjudged in relation to other obligations in the Caribbean, is adequate.
The stable outlook is predicated on the high likelihood that revenues and profits will moderate over the next 12 to 15 months.
CariCRIS also expects Wigton to meet all debt service commitments in a timely manner.
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