Beacon Insurance ratings reaffirmed but challenges threaten – Barbados Today

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Caribbean Information and Credit Rating Services Limited (CariCRIS) has warned that current economic challenges facing Barbados and other Eastern Caribbean states could impact Beacon Insurance Company Limited’s profitability and growth.The ratings agency gave that caution even as it reaffirmed the insurance company’s assigned corporate credit ratings of CariA- (Foreign and Local Currency Ratings) on the regional rating scale and ttA- on the Trinidad and Tobago (T&T) national scale.In a release on Friday, CariCRIS said “the ratings indicate that the level of creditworthiness of this obligor, adjudged in relation to other obligors in the Caribbean and within T&T is good”.
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