October 31, 2023
Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initial issuer/corporate credit ratings of CariBBB (Foreign Currency Rating) and CariBBB+ (Local Currency Rating) on the regional rating scale and jmA- (Foreign Currency Rating) and jmA (Local Currency Rating) on the Jamaica national rating scale to Cornerstone Financial Holdings Limited (CFHL or the Company). The regional scale ratings indicate that the level of creditworthiness of this obligor, adjudged in relation to other obligors in the Caribbean is adequate. The national scale ratings indicate that the level of creditworthiness of this obligor, adjudged in relation to other obligors in Jamaica is good.
Cornerstone-Financial-Holdings-Limited-Rating-Release-27-Oct-2023