{"id":1940,"date":"2023-10-03T18:14:18","date_gmt":"2023-10-03T22:14:18","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1940"},"modified":"2025-05-03T18:15:12","modified_gmt":"2025-05-03T22:15:12","slug":"vm-investments-limited-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/vm-investments-limited-2\/","title":{"rendered":"VM Investments Limited"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><span style=\"font-family: 'book antiqua', palatino;\">On September 14, 2023, CariCRIS upgraded the assigned Issuer\/ Corporate Ratings to <em>Cari<\/em><strong>BBB<\/strong> (Local Currency Rating) on the regional scale and <em>jm<\/em><strong>A-<\/strong> (Local Currency Rating) and <em>jm<\/em><strong>BBB+ <\/strong>(Foreign Currency Rating) on the Jamaica national scale to VM Investments Limited (VMIL or the Company). A <strong>stable <\/strong>outlook was maintained.<\/span><\/p>\n<p class=\"badge\">RATING SENSITIVITY FACTORS:<\/p>\n<p><span style=\"text-decoration: underline; font-family: 'book antiqua', palatino;\"><strong>Factors that could, individually or collectively, lead to an improvement of the ratings and\/ or Outlook include:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li><strong>\u00a0<\/strong>Expansion of the Group\u2019s product and service offerings and\/or improvements in net interest spreads leading to a sustained increase in PAT of 10% or more for 2 years<\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">An improvement in the credit rating of the Government of Jamaica<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Less than 25% of VMIL\u2019s (the Company) revenue is derived from dividend income as overall revenue from investments and loans increases sustained for 1 financial period<\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline; font-family: 'book antiqua', palatino;\"><strong>Factors that could, individually or collectively, lead to a lowering of the ratings and\/ or Outlook include:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\">Deterioration in VMWM\u2019s total capital to total assets ratio to 7.5% or lower<\/li>\n<li data-mce-word-list=\"1\">A deterioration of VMWM\u2019s capital base to risk-weighted assets ratio to 12.5% or lower<\/li>\n<li data-mce-word-list=\"1\">A lowering of the credit rating of the Government of Jamaica<\/li>\n<li data-mce-word-list=\"1\">Reduction in PAT of VMIL by 10% or more for 2 or more years<\/li>\n<li data-mce-word-list=\"1\">A cash injection of at least J $1.5 billion is not made by VM Financial Group (VMFG) in 2023<\/li>\n<\/ul>\n<h4><strong>Analysts\u2019 Contact Info:<\/strong><\/h4>\n<h5><span style=\"font-size: 8pt;\">Keith Hamlet<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\">Mobile : 1-868-487-8356<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:khamelt@caricris.com\">khamelt@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/p>\n<h5><span style=\"font-size: 8pt;\">Maxwell Gooding<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:mgooding@caricris.com\">mgooding@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"http:\/\/www.caricris.com\">www.caricris.com<\/a>\u00a0 <\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a> \u00a0<\/span><\/p>\n<p><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><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On September 14, 2023, CariCRIS upgraded the assigned Issuer\/ Corporate Ratings to CariBBB (Local Currency Rating) on the regional scale and jmA- (Local Currency Rating) and jmBBB+ (Foreign Currency Rating) on the Jamaica national scale to VM Investments Limited (VMIL or the Company). A stable outlook was maintained. RATING SENSITIVITY FACTORS: Factors that [&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-1940","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>VM Investments 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\/vm-investments-limited-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VM Investments Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On September 14, 2023, CariCRIS upgraded the assigned Issuer\/ Corporate Ratings to CariBBB (Local Currency Rating) on the regional scale and jmA- (Local Currency Rating) and jmBBB+ (Foreign Currency Rating) on the Jamaica national scale to VM Investments Limited (VMIL or the Company). A stable outlook was maintained. 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