June 28, 2022
Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned an initial issue rating of jmA (Foreign Currency Rating) on the Jamaica national scale to the up to US $160 million bond issue of JMMB International Limited (JMMBIL). The national scale rating indicates good creditworthiness compared to other obligors in Jamaica. The assigned ratings benefit from a 2-notch credit uplift due to the full guarantee of the bond issue by the ultimate parent, JMMB Group Limited (JMMBGL).
JMMB-Intl-Rating-Release-24-June-2022