Regional rating agency Caribbean Information and Credit Rating Services Limited (CariCRIS), has reaffirmed VM Investments Limited's overall creditworthiness ratings.
CariCRIS maintained a stable outlook on the ratings, premised on the expectation that VMIL will continue to be profitable and adequately capitalised over the short to medium term of 12 to 15 months.
It classified as good, relative to other obligors in Jamaica, VMIL's level of creditworthiness on the local currency national rating scale.
The rating agency commended VM Investments on its launch in Barbados earlier this year, which deepened its operations in that country, added to its assets under management, and increased its client base.
VMIL was also commended for its advances in building out its digital ecosystem.
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