Unit Trust Corporation Solidifies Leadership with AA Ratings, Underscoring Unwavering Financial Strength and Superior Creditworthiness
April 14, 2025 – The Unit Trust Corporation (UTC) proudly announces the reaffirmation of its robust financial standing, maintaining its CariAA (Foreign and Local Currency) regional scale and ttAA Trinidad and Tobago national scale Issuer/Corporate Credit Ratings from Caribbean Information and Credit Rating Services Limited (CariCRIS).
This achievement, marking an impressive seventh consecutive year of a “stable” outlook, clearly demonstrates the UTC’s consistently strong investment portfolio, characterized by its superior asset quality and sturdy, reliable investment returns.
These CariAA and ttAA ratings signify a high level of creditworthiness, indicating that the UTC possesses a strong capacity to meet its financial obligations on a timely basis. On the regional scale, CariAA denotes that the UTC’s creditworthiness is high when compared to other entities within the Caribbean. Similarly, the ttAA rating on the Trinidad and Tobago national scale indicates a high level of creditworthiness relative to other organizations within the country. The sustained “stable” outlook further emphasizes the UTC’s proactive commitment to implementing rigorous risk management practices, driving operational excellence, and consistently generating significant earnings from its strategic investments.
CariCRIS unequivocally states that these ratings underscore the UTC’s position as a highly creditworthy entity within both the Trinidad and Tobago and broader Caribbean financial landscapes.
Nigel Edwards, Executive Director of the UTC, attributes this consistent ratings performance to the Corporation’s steadfast investment strategies, the inherent resilience of the organization, and the unwavering dedication of the Board and staff.
“Our sustained achievement of these top-tier ratings unequivocally demonstrates the strength and effectiveness of our robust operational framework and our clear, long-term strategic vision,” affirmed Mr. Edwards. “More importantly, it reflects the enduring and well-placed confidence that our over half-million investors have in the UTC’s proven ability to consistently deliver significant value and expertly navigate any market conditions.”
Since its establishment in 1981, the UTC has firmly established itself as the leading mutual fund service provider in Trinidad and Tobago. With Funds Under Management reaching a substantial TT$24.6 billion as of December 2024 and proudly serving over 560,000 unitholders, the UTC’s pivotal role within the financial services system was duly recognized in 2013 with its designation as a Systemically Important Financial Institution (SIFI).
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For further information, please contact Abigail Edwards, Corporate Communications Manager, UTC: AbigailMEdwards@ttutc.com
