Barita Investments Limited has received solid investment-grade credit ratings from the Caribbean Information and Credit Rating Services Limited (CariCRIS), reinforcing its standing as a key player in Jamaica’s financial sector.
The firm has been assigned the following ratings:
- Regional Scale: CariBBB+ (Foreign Currency) and CariA- (Local Currency)
- Jamaica National Scale: jmA (Foreign Currency) and jmA+ (Local Currency)
CariCRIS noted that these ratings reflect Barita’s strong creditworthiness in both the regional and local markets. The agency also assigned a stable outlook, indicating confidence in Barita’s ability to maintain its market position, improve profitability, and uphold sound financial management over the next year.
The assessment highlights Barita’s growing presence in the securities industry, strong asset quality, and robust capital base. The firm’s governance and risk management practices also played a key role in securing favorable ratings. However, CariCRIS acknowledged that Barita’s high exposure to the Jamaican economy and asset/liability mismatches present risks that require ongoing management.
With this latest endorsement, Barita is expected to continue delivering strong financial performance while reinforcing its reputation as a stable and reliable investment institution.
