Despite a decline in its national scale credit ratings, the Jamaica National Group has preserved its overall investment rating as assessed by CariCRIS. The organization anticipates a stable outlook attributed to strategic divestments and aims to regain profitability by March 2026, reinforcing its market position in Jamaica and abroad.
The Jamaica National Group has retained its overall good investment rating from the Caribbean Information and Credit Rating Services Limited (CariCRIS), notwithstanding a decline in its Issuer/Corporate Credit Rating. The agency concluded its annual review and shared the findings with company executives last week. For the year 2025, Jamaica National sustained its ratings of CariBBB+ (foreign currency) and CariA- (local currency), although its national scale rating dropped to jmA (foreign currency) and jmA+ (local currency).
In conclusion, the Jamaica National Group has successfully maintained a favorable overall investment rating despite experiencing a recent dip in certain metrics. The outlook remains stable due to strategic divestments and prospects of returning to profitability by March 2026. The Group emphasizes its commitment to enhancing financial performance through efficiency improvements, expansion of profitable ventures, and product innovation.
Original Source: jamaica.loopnews.com
