JMMB Group gets favourable rating from regional agency

Regional rating agency Cari­CRIS has as­signed a favourable credit rating to JMMB Group.

A report in Trinidad and Tobago's Guardian newspaper says the Jamaica national scale rat­ings in­di­cate that JMMB's lev­el of cred­it­wor­thi­ness is good.

It said the rat­ings are sup­port­ed by the Group's strong brand and long his­to­ry in the Ja­maican se­cu­ri­ties in­dus­try as well as its emer­gence as a re­gion­al fi­nan­cial ser­vices play­er.

Cari­CRIS says JMMB Group's well-di­ver­si­fied as­set port­fo­lio as well as its good fi­nan­cial per­for­mance al­so serve to sup­port the rat­ings.

In ad­di­tion, the ratings agency ex­pects im­proved eco­nom­ic ac­tiv­i­ty in Ja­maica along with the on­go­ing stan­dard­i­s­a­tion and branch in­te­gra­tion ini­tia­tives in the JMMB Group to un­der­pin con­tin­ued growth and im­proved op­er­at­ing ef­fi­cien­cies.

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