KINGSTON, Jamaica – The Development Bank of Jamaica (DBJ) has retained its strong credit ratings from Caribbean Information and Credit Rating Services Limited (CariCRIS), with the ratings agency also assigning the institution a stable outlook.
CariCRIS reaffirmed the bank’s regional and national credit ratings, citing its strategic importance to Jamaica’s economic development, strong financial performance, sound governance and healthy capital position.
The ratings agency also highlighted DBJ’s role as the government’s primary development finance institution, supporting private sector growth, strategic investments and the implementation of public-private partnership and privatisation projects.
CariCRIS further commended the bank’s new four-year strategic plan, its digital transformation programme, expanded financing solutions and increased focus on sustainable development and climate resilience.
The ratings agency also recognised the bank’s response to Hurricane Melissa.
