JN Group Maintains Overall ‘Good’ Investment Rating With CariCRIS

The Jamaica National Group has maintained an overall good investment rating status from regional rating agency Caribbean Information and Credit Rating Services Limited, CariCRIS.

This, despite a slight dip in its Issuer/Corporate Credit Rating.

In a statement on Tuesday, JN says the ratings were shared with company executives last week as the rating agency wrapped up its annual review of the entity.

Based on the assessment conducted for 2025, Jamaica National has maintained its 2024 regional ratings of CariBBB+ for foreign currency and CariA- for local currency.

Its national scale rating slipped to jmA for foreign currency and jmA+ for local currency.

CariCRIS also assessed the Group’s overall creditworthiness as good and adequate in relation to its debt obligations locally and regionally.

The rating agency has also projected a stable outlook for the company due primarily to the Group’s divestment of its UK bank subsidiary and the planned divestment of other subsidiary companies.

A statement from CariCRIS noted that while the Group is expected to make a loss in the current financial year, this will be reduced based on the Group’s likely ability to regularise its liquidity and capital positions and return to profitability by March 2026.