{"id":1874,"date":"2024-04-02T18:41:22","date_gmt":"2024-04-02T22:41:22","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1874"},"modified":"2025-04-30T18:42:14","modified_gmt":"2025-04-30T22:42:14","slug":"panjam-investment-limited-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/panjam-investment-limited-2\/","title":{"rendered":"PanJam Investment Limited"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On March 12, 2024, CariCRIS upgraded the assigned Issuer\/Corporate Credit ratings by 1-notch to <em>Cari<\/em><strong>A<\/strong> (Foreign &amp; Local Currency Ratings) on the regional rating scale and <em>jm<\/em><strong>AA <\/strong>(Foreign &amp; Local Currency Ratings) on the Jamaica national scale rating to <strong>Pan Jamaica Group Limited (PJGL or the Group). <\/strong>A stable outlook was assigned.<\/span><\/p>\n<p class=\"badge\"><span style=\"font-family: 'book antiqua', palatino;\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong>Factors that could, individually or collectively, lead to an improvement in the ratings and \/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;\">An improvement in the ratings of the Government of Jamaica<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A substantial improvement in the Group\u2019s financial performance with continued improvement in PAT margins resulting in a ROA of over 10% 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;\">Continued economic uncertainty leading to ongoing losses in investment income and a reduction in the profitability of the new operating lines which results in the Group incurring operating losses<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A significant decline of 50% or greater in SGJL\u2019s dividend income<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A sustained effective DSCR of less than 1.5 times over a 2-year period<\/span><\/li>\n<\/ul>\n<h4><strong>Analysts\u2019 Contact Info:<\/strong><\/h4>\n<p><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\">Keith Hamlet<\/span><\/p>\n<p><span style=\"font-size: 8pt;\">Mobile: 1-868-487-8356<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/p>\n<h5><span style=\"font-size: 8pt;\">Jeffrey James<\/span><\/h5>\n<h5><span style=\"font-size: 8pt;\">Mobile\u00a0: 1-868-713-5987<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:jjames@caricris.com\">jjames@caricris.com<\/a>\u00a0 \u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"http:\/\/www.caricris.com\"><strong>www.caricris.com<\/strong><\/a><strong>\u00a0 <\/strong><\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><strong><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/strong> <strong>\u00a0<\/strong><\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\"><strong>Disclaimer<\/strong><strong>:<\/strong> 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.\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><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 12, 2024, CariCRIS upgraded the assigned Issuer\/Corporate Credit ratings by 1-notch to CariA (Foreign &amp; Local Currency Ratings) on the regional rating scale and jmAA (Foreign &amp; Local Currency Ratings) on the Jamaica national scale rating to Pan Jamaica Group Limited (PJGL or the Group). A stable outlook was assigned. RATING [&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-1874","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>PanJam Investment 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\/panjam-investment-limited-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PanJam Investment Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 12, 2024, CariCRIS upgraded the assigned Issuer\/Corporate Credit ratings by 1-notch to CariA (Foreign &amp; Local Currency Ratings) on the regional rating scale and jmAA (Foreign &amp; Local Currency Ratings) on the Jamaica national scale rating to Pan Jamaica Group Limited (PJGL or the Group). A stable outlook was assigned. 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