The Caribbean Information and Credit Rating Services (CariCRIS) recently upgraded Access Financial Services Limited's local and foreign currency debt to BBB on a regional scale.
Meanwhile, its foreign currency debt rating was upgraded by CariCRIS to BBB+, while its local currency debt rating was increased to A- from a Jamaican standpoint.
The ratings agency says these improvements ratings are primarily due to an improvement in access financial risk profile during the past year, which was underpinned by its consistent loan growth.
CariCRIS also pointed out that this consistent loan growth also contributed to the company's growth in profitability after tax and its fourth consecutive year of a spike in total income, with profits after tax materially surpassing CariCRIS fiscal 2025 forecast.
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