Top things to know
- Barita Investments Ltd received a one-notch upgrade from regional ratings agency CariCRIS.
- The promotion moves the brokerage into the top creditworthiness band for Jamaican obligors.
- The new rating places Barita one step above its own parent company.
Regional ratings agency CariCRIS has elevated Barita Investments Ltd by one notch, advancing the brokerage into the highest creditworthiness tier accessible to Jamaican obligors. This new standing places the financial institution one level above its own parent company.
According to an official release from CariCRIS, the national scale local currency rating signifies that the obligor possesses a high level of creditworthiness when evaluated against other entities operating within the Jamaican market.