S&P Global reaffirms First Citizens investment grade credit rating
Advisory
On the cusp of its 32nd Anniversary on September 13th, 2025, First Citizens Bank is pleased to announce that one of the world’s leading credit rating providers, S&P Global Ratings, has reaffirmed the Bank’s investment grade credit rating of BBB-/Stable/A-3.
S&P’s report, dated September 8, 2025, lauds the Bank’s “very strong capitalisation, good business diversification and its position in the market as the second-largest bank in Trinidad and Tobago.”
Speaking further to its confidence in the Bank’s trajectory, the report indicates, “We expect First Citizens Bank Limited to maintain good intrinsic creditworthiness through 2026” and “continue to benefit from sound capital, liquidity, and credit loss reserves, protecting its creditworthiness from hypothetical strains on asset quality.”
Commenting on the announcement, Jason Julien, Group CEO (Ag.), said “S&P’s reaffirmation of our investment grade credit rating is a testament to our sound risk management strategies, robust financial strength, fortress balance sheet, and diversified portfolio, that is underpinned by our unwavering commitment to excellence and customer service
The stable rating outlook for First Citizens, has been reaffirmed for the next two years, substantiated by the Bank’s “strong capitalization, adequate income diversification, strong market position and diversified funding base.”
First Citizens is proud of its extensive list of achievements in its 32 year history and is proud to serve our valued clients and communities across Trinidad and Tobago, Barbados, the Eastern Caribbean and Costa Rica, with excellence, care and integrity. The Bank looks forward to a future marked by continued success and resilience.
