Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
A44
Agency
High
Moderate
Low
S&P
AAA AA+ AA AA-
A+ A A- BBB+ BBB BBB- BB+ BB BB-
B+ B B-
CCC+ and below
Moody’s
Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3 Ba1 Ba2 Ba3 B1 B2 B3
Caa1 and below
Fitch
AAA AA+ AA AA-
A+ A A- BBB+ BBB BBB- BB+ BB BB-
B+ B B-
CCC and below
CariCris
AAA AA+ AA AA-
A+ A A- BBB+ BBB BBB- BB+ BB BB-
B+ B B-
C+ and below
The credit quality of the individual Funds’ fixed income portfolio is given below:
High
Moderate
Low
Total
$’000
$’000
$’000
$’000
At 31 December, 2012
Growth and Income Fund
Cash & Cash Equivalents
387,342
-
-
387,342
Debt instruments – traded
21,150
-
6,369
27,519
Debt instruments – non-traded
796,288
11,247
17,450
824,985
1,204,780
11,247
23,819
1,239,846
TT$ Income Fund
Cash & Cash Equivalents
6,174,611
-
-
6,174,611
Debt instruments - traded
163,044
67,636
-
230,680
Debt instruments – non-traded
4,537,941
68,666
142,823
4,749,430
10,875,596
136,302
142,823
11,154,721
Universal Retirement Fund
Cash & Cash Equivalents
19,345
-
-
19,345
Debt instruments - traded
-
-
-
-
Debt instruments – non-traded
40,550
6,267
187
47,004
59,895
6,267
187
66,349
US$ Income Fund
Cash & Cash Equivalents
2,447,450
-
-
2,447,450
Debt instruments - traded
1,515,320
39,269
-
1,554,589
Debt instruments – non-traded
231,024
25,838
259,858
516,720
4,193,794
65,107
259,858
4,518,759
29) FINANCIAL RISK MANAGEMENT
(continued)
Credit risk
(continued)
Unit Trust Corporation
Annual Report 2012
