{"id":1872,"date":"2025-04-08T18:40:08","date_gmt":"2025-04-08T22:40:08","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1872"},"modified":"2025-04-30T18:40:56","modified_gmt":"2025-04-30T22:40:56","slug":"jmmb-international-limited-jmmbil-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/","title":{"rendered":"JMMB International Limited (JMMBIL)"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On March 12, 2024, Cari<span style=\"font-size: 10pt;\">CRIS reaffirmed the assigned rating of <em>jm<\/em><strong>A<\/strong> (Foreign Currency Rating) on the Jamaica national scale to the US $160 million bond issue of <\/span><strong><span style=\"font-size: 10pt;\">JMMB International Lim<\/span>ited<\/strong>. A <strong>stable<\/strong> outlook was assigned.<strong>\u00a0<\/strong><\/span><\/p>\n<p class=\"badge\"><strong>RATING SENSITIVITY FACTORS:<\/strong><strong>\u00a0<\/strong><\/p>\n<p><strong><span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">Factors that could, individually or collectively, lead to an improvement in the ratings and\/ or Outlook include<\/span>:<\/strong><\/p>\n<ul style=\"list-style-type: square;\">\n<li><span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">An improvement in the GOJ\u2019s credit rating over the next 12-15 months<\/span><\/li>\n<li><span style=\"font-family: 'book antiqua', palatino;\">An improvement in the credit rating of JMMBIL\u2019s parent JMMB Group Limited<\/span><\/li>\n<li><span style=\"font-family: 'book antiqua', palatino;\">Growth in PAT of 15% or more for 3 consecutive years<\/span><\/li>\n<li><span style=\"font-family: 'book antiqua', palatino;\">Growth in TNW by greater than 15% for 3 consecutive years<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could, individually or collectively, lead to a lowering of the ratings\/or outlook include:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">A deterioration in the GOJ\u2019s credit rating over the next 12-15 months<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A lowering of the ratings of JMMBIL\u2019s parent, JMMB Group Limited<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Breach of any of the bond covenants including a deterioration below the capital regulatory requirements of any of the operating subsidiaries in their respective jurisdictions<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Failure of JMMBGL to fulfil its role as guarantor if called upon to do so<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Decline in PAT of 15% or more for 3 consecutive years<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Decline in TNW by greater than 15% for 3 consecutive years<\/span><\/li>\n<\/ul>\n<p><strong><span style=\"font-family: 'book antiqua', palatino;\">Analysts\u2019 Contact Info:<\/span><\/strong><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">Keith Hamlet<\/span><br \/>\n<span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">Mobile: 1-868-487-8356<\/span><br \/>\n<span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\"><a href=\"mailto:khamelt@caricris.com\">khamelt@caricris.com<\/a><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">Sharlene Gordon<\/span><br \/>\n<span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">Phone : 1-876-618-9811<\/span><br \/>\n<span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\"><a href=\"mailto:sgordon@caricris.com\">sgordon@caricris.com<\/a><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 10pt;\">www.caricris.com <\/span><br \/>\n<span style=\"font-size: 10pt;\"><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: 'book antiqua', palatino; font-size: 8pt;\">Disclaimer: CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable. 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. No part of this report may be published \/ reproduced in any form without CariCRIS\u2019 prior written approval. 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><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 12, 2024, CariCRIS reaffirmed the assigned rating of jmA (Foreign Currency Rating) on the Jamaica national scale to the US $160 million bond issue of JMMB International Limited. A stable outlook was assigned.\u00a0 RATING SENSITIVITY FACTORS:\u00a0 Factors that could, individually or collectively, lead to an improvement in the ratings and\/ or [&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-1872","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 International Limited (JMMBIL) - 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-international-limited-jmmbil-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JMMB International Limited (JMMBIL) - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 12, 2024, CariCRIS reaffirmed the assigned rating of jmA (Foreign Currency Rating) on the Jamaica national scale to the US $160 million bond issue of JMMB International Limited. A stable outlook was assigned.\u00a0 RATING SENSITIVITY FACTORS:\u00a0 Factors that could, individually or collectively, lead to an improvement in the ratings and\/ or [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/\" \/>\n<meta property=\"og:site_name\" content=\"CariCRIS\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-08T22:40:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-30T22:40:56+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"headline\":\"JMMB International Limited (JMMBIL)\",\"datePublished\":\"2025-04-08T22:40:08+00:00\",\"dateModified\":\"2025-04-30T22:40:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/\"},\"wordCount\":337,\"commentCount\":0,\"articleSection\":[\"Rating Releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/\",\"name\":\"JMMB International Limited (JMMBIL) - CariCRIS\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#website\"},\"datePublished\":\"2025-04-08T22:40:08+00:00\",\"dateModified\":\"2025-04-30T22:40:56+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/jmmb-international-limited-jmmbil-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JMMB International Limited (JMMBIL)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#website\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/\",\"name\":\"CariCRIS\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\",\"name\":\"admin\",\"sameAs\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\"],\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JMMB International Limited (JMMBIL) - CariCRIS","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/","og_locale":"en_US","og_type":"article","og_title":"JMMB International Limited (JMMBIL) - CariCRIS","og_description":"RATING ACTION: On March 12, 2024, CariCRIS reaffirmed the assigned rating of jmA (Foreign Currency Rating) on the Jamaica national scale to the US $160 million bond issue of JMMB International Limited. A stable outlook was assigned.\u00a0 RATING SENSITIVITY FACTORS:\u00a0 Factors that could, individually or collectively, lead to an improvement in the ratings and\/ or [&hellip;]","og_url":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/","og_site_name":"CariCRIS","article_published_time":"2025-04-08T22:40:08+00:00","article_modified_time":"2025-04-30T22:40:56+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/#article","isPartOf":{"@id":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/"},"author":{"name":"admin","@id":"https:\/\/craftedcaribbean.com\/caricris\/#\/schema\/person\/510bfdfe41fce6bedbec995f62a44967"},"headline":"JMMB International Limited (JMMBIL)","datePublished":"2025-04-08T22:40:08+00:00","dateModified":"2025-04-30T22:40:56+00:00","mainEntityOfPage":{"@id":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/"},"wordCount":337,"commentCount":0,"articleSection":["Rating Releases"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/","url":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/","name":"JMMB International Limited (JMMBIL) - CariCRIS","isPartOf":{"@id":"https:\/\/craftedcaribbean.com\/caricris\/#website"},"datePublished":"2025-04-08T22:40:08+00:00","dateModified":"2025-04-30T22:40:56+00:00","author":{"@id":"https:\/\/craftedcaribbean.com\/caricris\/#\/schema\/person\/510bfdfe41fce6bedbec995f62a44967"},"breadcrumb":{"@id":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/jmmb-international-limited-jmmbil-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/craftedcaribbean.com\/caricris\/"},{"@type":"ListItem","position":2,"name":"JMMB International Limited (JMMBIL)"}]},{"@type":"WebSite","@id":"https:\/\/craftedcaribbean.com\/caricris\/#website","url":"https:\/\/craftedcaribbean.com\/caricris\/","name":"CariCRIS","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/craftedcaribbean.com\/caricris\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/craftedcaribbean.com\/caricris\/#\/schema\/person\/510bfdfe41fce6bedbec995f62a44967","name":"admin","sameAs":["https:\/\/craftedcaribbean.com\/caricris"],"url":"https:\/\/craftedcaribbean.com\/caricris\/author\/admin\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/posts\/1872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/comments?post=1872"}],"version-history":[{"count":1,"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/posts\/1872\/revisions"}],"predecessor-version":[{"id":1873,"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/posts\/1872\/revisions\/1873"}],"wp:attachment":[{"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/media?parent=1872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/categories?post=1872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/tags?post=1872"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/craftedcaribbean.com\/caricris\/wp-json\/wp\/v2\/table_tags?post=1872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}