Regional rating agency CariCRIS has issued a stable outlook for the Jamaica Public Service Company (JPS)
Highlighting significant improvements in the energy company's present performance, and high expectations for its future performance it has issued favourable credit ratings.
CariCRIS said the JPS's good financial performance is underpinned by continued profitability and strong cash flows.
The agency also highlighted ongoing investments in maintenance and asset modernization as key supporting considerations for its ratings.
CariCRIS says the ratings enhance JPS' credibility and expands its access to local and international funding sources.
This will augur well for the Company, as it continues its aggressive investment in Jamaica's energy infrastructure, with US$105 million in capital investment projected for 2019.
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