RATING ACTION:
On December 4, 2025, CariCRIS reaffirmed the Issuer/Corporate Credit ratings assigned to Supreme Ventures Limited at CariA (Local Currency Rating) and CariA- (Foreign Currency Rating) on the regional scale and jmAA- (Local Currency Rating) and jmA+ (Foreign Currency Rating) on the Jamaica national scale. A stable outlook was assigned.
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RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the ratings and/or outlook include:
- Improvement in the Government of Jamaica’s credit rating, leading to an improved overall credit risk profile
- An increase in earnings from its Guyana operations to more than 15% of SVL’s annual profits
- Revenue increases by more than 12%, leading to a PAT Margin of 3% or higher over the next 12-18 months
- Cost to income ratio below 85% for 2 consecutive years
Factors that could, individually or collectively, lead to a lowering of the ratings and/or outlook include:
- A deterioration in the Government of Jamaica’s credit rating over the next 12-15 months
- A deterioration of SVL’s revenue by more than 12%, leading to a PAT Margin of below 1% over the next 12-18 months
- A weakening in the GP Margin below 19% sustained for 2 years
- A breach in the financial covenants
Analysts’ Contact Info:
Anelia Oudit
Tel: 1-868-487-8364
E-mail: aoudit@caricris.com
Kyla Balwant
Tel: 1-868-682-9919
E-mail: kbalwant@caricris.com
info@caricris.com
www.caricris.com
Disclaimer: 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. 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. No part of this report may be published / reproduced in any form without CariCRIS’ prior written approval. 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.