Why do I need a CariCRIS rating if I already have a global rating from S&P / Moodys / Fitch?
Global rating agencies such as Standard & Poor’s, Moody’s and Fitch, assess the creditworthiness of a debt instrument relative to all other debt issues and issuers worldwide when they assign global scale credit ratings. To a limited extent, for larger economies, they also assign national scale ratings where the universe of comparison is limited to debt issues and issuers within a single nation. In the Caribbean, which comprises small national economies, there are relatively few assigned global scale ratings and they tend to be bunched at the lower end of the scale. The CariCRIS regional scale rating assesses creditworthiness relative to all other Caribbean debt issues and issuers. Furthermore, both CariCRIS national scale and regional scale ratings include far more locally and regionally contextual issues than can a global scale rating, enabling CariCRIS to make finer credit risk distinctions among local and regional borrowers. Therefore, by using CariCRIS ratings, you can provide your
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