{"id":1776,"date":"2024-11-06T19:06:04","date_gmt":"2024-11-06T23:06:04","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1776"},"modified":"2025-04-25T19:07:04","modified_gmt":"2025-04-25T23:07:04","slug":"jmmb-group-limited-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-group-limited-2\/","title":{"rendered":"JMMB Group Limited"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p>On September 20, 2024, CariCRIS reaffirmed the assigned Issuer\/Corporate Credit Ratings of CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and jmAA- (Local Currency) and jmA+ (Foreign Currency) on the Jamaica national scale for JMMB Group Limited. A stable outlook was assigned.<\/p>\n<p><span class=\"badge\">RATING SENSITIVITY FACTORS:<\/span><\/p>\n<div>Factors that could, individually or collectively, lead to an improvement in the ratings and \/or outlook include:<\/div>\n<ul style=\"list-style-type: disc;\">\n<li>Improvement in the Government of Jamaica\u2019s (GOJ) credit rating, reflecting a more favourable business environment for the Group<\/li>\n<li>Growth in PAT of 15% or more for 3 consecutive years without any adverse impacts on regulatory capital ratios<\/li>\n<li>Growth in TNW by greater than 15% for 3 consecutive years<\/li>\n<li>Regional expansion initiatives that lead to an improvement in the Group\u2019s market position in its key business segments<\/li>\n<\/ul>\n<p>Factors that could, individually or collectively, lead to a lowering of the ratings\/or outlook include:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>NPL ratio sustained above 8% for another year<\/li>\n<li>Deterioration of the CAR of any of the Group\u2019s subsidiaries to below the country specific regulatory requirements<\/li>\n<li>Cost to Income ratio weakens to 90% and over<\/li>\n<li>Further deterioration in PAT by 15% or more for another consecutive year<\/li>\n<\/ul>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<div>Keith HamletKeith Hamlet<\/div>\n<div>Mobile : <a href=\"mailto:1-868-487-4356khamlet@caricris.com\">1-868-487-4356<\/a><\/div>\n<div><a href=\"mailto:1-868-487-4356khamlet@caricris.com\">khamlet@caricris.com<\/a><\/div>\n<div><\/div>\n<div>\n<div>Sharlene Gordon<\/div>\n<div>Phone : 1-1876-618-9811<\/div>\n<div><a href=\"mailto:sgordon@caricris.com\">sgordon@caricris.com<\/a><\/div>\n<\/div>\n<div><\/div>\n<div>\n<div>www.caricris.com<\/div>\n<div><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<div><span style=\"font-size: 8pt;\"><strong>Disclaimer:<\/strong> CariCRIS has taken due care and caution in the compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable.\u00a0 However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.\u00a0 No part of this report may be published\/reproduced in any form without CariCRIS\u2019 prior written approval.\u00a0 CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers\/ users\/ transmitters\/ distributors of this product.<\/span><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On September 20, 2024, CariCRIS reaffirmed the assigned Issuer\/Corporate Credit Ratings of CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and jmAA- (Local Currency) and jmA+ (Foreign Currency) on the Jamaica national scale for JMMB Group Limited. A stable outlook was assigned. RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-1776","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JMMB Group Limited - CariCRIS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-group-limited-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JMMB Group Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On September 20, 2024, CariCRIS reaffirmed the assigned Issuer\/Corporate Credit Ratings of CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and jmAA- (Local Currency) and jmA+ (Foreign Currency) on the Jamaica national scale for JMMB Group Limited. A stable outlook was assigned. 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