CARICRIS DOWNGRADES LUCELEC’S CREDIT RATING

Ratings agency Caricris has downgraded its credit ratings for the island’s sole power company-the Saint Lucia electricity services limited-Lucelec.

Caricris cites the recent economic downturn in Saint Lucia caused by the pandemic for the adjustment.

However, despite slight downgrades, the company’s outlook and its ability to meet its obligations have not been unduly affected.