October 24, 2023
Caribbean Information & Credit Rating Services Limited (CariCRIS), the region’s credit rating agency, has today lowered the assigned issuer/corporate credit ratings of NiQuan Energy Trinidad Limited (NiQuan or the Company) to CariB (Foreign and Local Currency Ratings) on the regional rating scale and ttB on the Trinidad and Tobago (T&T) National Scale as well as jmB on the Jamaica National Scale. These ratings indicate that the level of creditworthiness of this obligor, adjudged in relation to other obligors in the Caribbean and within T&T and Jamaica is weak.
NiQuan-Press-Release-24-October-2023