{"id":1942,"date":"2023-10-02T18:16:02","date_gmt":"2023-10-02T22:16:02","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1942"},"modified":"2025-05-03T18:16:59","modified_gmt":"2025-05-03T22:16:59","slug":"supreme-ventures-limited-3","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/supreme-ventures-limited-3\/","title":{"rendered":"Supreme Ventures 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 Credit Ratings by 1-notch to <em>Cari<\/em><strong>A <\/strong>(Local Currency Rating) and<em> Cari<\/em><strong>A- <\/strong>(Foreign Currency Rating) on the regional rating scale and reaffirmed the Jamaica national scale ratings of <em>jm<\/em><strong>AA- <\/strong>(Local Currency Rating) and <em>jm<\/em><strong>A+<\/strong> (Foreign Currency Rating) to Supreme Ventures Limited (SVL or the Group). A stable outlook was assigned.<\/span><\/p>\n<p class=\"badge\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Factors that could, individually or collectively, lead to an improvement of the rating and\/or outlook:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\">Improvement in the Government of Jamaica\u2019s credit rating, leading to an improved overall credit risk profile<\/li>\n<li data-mce-word-list=\"1\">An increase in earnings from its Guyana operations to more than 15% of SVL\u2019s annual profits<\/li>\n<li data-mce-word-list=\"1\">Revenue increases by more than 12% sustained for the next 12-18 months<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><strong>Factors that could, individually or collectively, lead to a lowering of the rating and\/or outlook: <\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\">A deterioration in the Government of Jamaica\u2019s credit rating over the next 12-15 months<\/li>\n<li data-mce-word-list=\"1\">A deterioration of SVL\u2019s revenue by more than 15%<\/li>\n<li data-mce-word-list=\"1\">Interest Cover and\/or DSCR below 1.5 times and 3.25 times respectively<\/li>\n<\/ul>\n<h4><strong>Analysts\u2019 Contact Info:<\/strong><\/h4>\n<h5><span style=\"font-size: 8pt;\">Anelia Oudit<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\">Mobile : 1-868-487-8364<\/span><\/p>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:aoudit@caricris.com\">aoudit@caricris.com<\/a>\u00a0\u00a0\u00a0<\/span><\/p>\n<h5><span style=\"font-size: 8pt;\">Kyla Balwant<\/span><\/h5>\n<p><span style=\"font-size: 8pt;\"><a href=\"mailto:kbalwant@caricris.com\">kbalwant@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<p><span style=\"font-family: 'book antiqua', palatino; font-size: 8pt;\"><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 Credit Ratings by 1-notch to CariA (Local Currency Rating) and CariA- (Foreign Currency Rating) on the regional rating scale and reaffirmed the Jamaica national scale ratings of jmAA- (Local Currency Rating) and jmA+ (Foreign Currency Rating) to Supreme Ventures Limited (SVL or the Group). [&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-1942","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>Supreme Ventures 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\/supreme-ventures-limited-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supreme Ventures Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On September 14, 2023, CariCRIS upgraded the assigned Issuer\/Corporate Credit Ratings by 1-notch to CariA (Local Currency Rating) and CariA- (Foreign Currency Rating) on the regional rating scale and reaffirmed the Jamaica national scale ratings of jmAA- (Local Currency Rating) and jmA+ (Foreign Currency Rating) to Supreme Ventures Limited (SVL or the Group). 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