CariCRIS upgrades its Corporate Credit Ratings for JMMB Group Limited

September 30, 2022

Caribbean Information and Credit Rating Services Limited (CariCRIS) has upgraded by 1-notch the issuer/corporate credit ratings to CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and jmAA- (Local Currency Rating) and jmA+ (Foreign Currency Rating) on the Jamaica national scale to JMMB Group Limited (JMMBGL or the Group). The regional scale ratings indicate that the level of creditworthiness of JMMBGL, adjudged in relation to other obligors in the Caribbean is good. The national scale ratings indicate high creditworthiness of JMMBGL compared to other obligors in Jamaica.