VM Financial Group has received an investment grade credit rating from the Caribbean Information and Credit Rating Services (CariCRIS).
CariCRIS assigned a VM Financial Group ratings of jmA on the national scale for local currency, jmA- for foreign currency, CariBBB+ on the regional scale for local currency, and CariBBB for regional foreign currency.
This marks the first-ever credit rating for VM Financial Group and reflects what CariCRIS describes as solid credit quality nationally and adequate credit worthiness regionally.
The ratings highlight the group's strong capital base, healthy liquidity, diversified revenue streams, sound governance and consistent profitability.
CariCRIS also pointed to VM's digital transformation efforts and regional expansion plans as factors supporting a stable outlook.
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