A bond problem by PBS Expertise Group Restricted (PBSTGL) has been assigned rankings of CariA (Native Foreign money) and CariA- (Overseas Foreign money) by the Caribbean Data and Credit score Ranking Providers Restricted (CariCRIS) on its regional scale.
CariCRIS additionally assigned PBSTGL grades jmAA+ (Native Foreign money Ranking) and jmAA (Overseas Foreign money Ranking) on the Jamaica nationwide scale. CariCRIS’s additionally assigned a steady outlook to its score, PBS Expertise said in a press launch.
PBSTGL was shaped in September 2020 following the acquisition of Massy Holdings’ regional info expertise and communications (ICT) enterprise referred to as Massy Applied sciences by Musson (Jamaica) Restricted. PBSTGL is among the largest info expertise and communications suppliers within the Caribbean.
Ian John, CEO of PBS Expertise Group Restricted mentioned the corporate is happy to have obtained an inaugural funding grade score from CariCris.
“This score locations us among the many most creditworthy establishments within the area. CariCris’ score rationale acknowledged our constant efficiency over a few years and the present high quality and monetary power of our enterprise,” he mentioned.
He added: “We anticipate that the advantages from this score will enable PBS Expertise Group to higher serve our hundreds of shoppers throughout the area and proceed to play a management position within the improvement of the data expertise and communications trade within the Caribbean.”