The Jamaica National Group Limited – Withdrawal of Issue Credit Ratings
Caribbean Information & Credit Rating Services Limited (CariCRIS), the region’s credit rating agency, wishes to inform the public of the withdrawal of the credit rating and outlook assigned to The Jamaica National Group Limited’s (JN Group) J $4.6 billion, 7.75% Fixed Rate Secured Bond maturing June 2029. This rating was last reported on by CariCRIS in December 2021.
The rating is withdrawn following CariCRIS’ receipt of notice in July 2022, indicating full repayment of the instrument. As a result, the rating will no longer be kept under annual surveillance and as such there will be no further updates on this bond issue rating.
September 1, 2022