Barita Gets Top Credit Rating | Jamaica News

Barita Investments just landed a major credit rating upgrade from CariCRIS, soaring to the top tier of creditworthiness in Jamaica — even outpacing its parent company. Rated jmAA- locally and jmA+ internationally, this boost reflects stronger market positioning after acquiring JN Fund Managers, disciplined borrowing, solid risk controls, and projected fee and investment banking growth. The Proven Group partnership adds fuel to future expansion. But challenges remain: asset-liability mismatches and heavy Jamaican exposure pose risks. To earn another upgrade, Barita must hit 50%+ fee income for two years and show 15%+ profit growth for three. A downgrade looms if cost-to-income hits 75% or tangible net worth dips below 20% over three years. Recent Q2 results showed 24% profit growth and nearly doubled revenue. This milestone follows Barita Financial Group’s May approval as a financial holding company — now owning a significant brokerage stake. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bad4c69556f6c854