SOUTH PACIFIC BUSINESS DEVELOPMENT

Planet Rating (A Global Microfinance Rating Agency) conducted Smart GIRAFE Ratings for SPBD Samoa and SPBD Tonga. This is the first time SPBD has been rated by an International Rating agency.

The ‘Planet Rating’ rating committee has granted SPBD Samoa the good investment grade of “B” with a “Positive” trend, and SPBD Tonga “B+” with a “Positive” trend. The asset quality for both institutions is rated “A”.

As you can see in the certificates attached, the Smart GIRAFE ratings of SPBD Samoa and SPBD Tonga rank in the first quartile when compared to all MFIs rated by Planet Rating since 2008. This is deemed a very good performance by Planet Rating.

The rating reports is available through the Planet Rating website.