ANSA Merchant Bank, which has operations in Barbados and Trinidad and Tobago, has been given an ‘AA’ rating by regional ratings agency Caribbean Information and Credit Rating Services Limited (CariCRIS).The bank, which is part of the ANSA McAL Group based in Port-of-Spain, was given a single notch up, according to CariCRIS, because of the high likelihood of support, “if needed, from the parent company ANSA McAL”.Noting that the creditworthiness of the bank was high, the agency, which is also based in the twin-island republic, said the ratings were driven by the merchant bank’s favourable market position, its well established brand, and long history in the financial services industry.
