A bond challenge by PBS Expertise Group Restricted (PBSTGL) has been assigned rankings of CariA (Native Forex) and CariA- (Overseas Forex) by the Caribbean Info and Credit score Score Companies Restricted (CariCRIS) on its regional scale.
CariCRIS additionally assigned PBSTGL grades jmAA+ (Native Forex Score) and jmAA (Overseas Forex Score) on the Jamaica nationwide scale. CariCRIS’s additionally assigned a secure outlook to its ranking, PBS Expertise acknowledged in a press launch.
PBSTGL was shaped in September 2020 following the acquisition of Massy Holdings’ regional info know-how and communications (ICT) enterprise often known as Massy Applied sciences by Musson (Jamaica) Restricted. PBSTGL is likely one of the largest info know-how and communications suppliers within the Caribbean.
Ian John, CEO of PBS Expertise Group Restricted mentioned the corporate is happy to have acquired an inaugural funding grade ranking from CariCris.
“This ranking locations us among the many most creditworthy establishments within the area. CariCris’ ranking rationale acknowledged our constant efficiency over a few years and the present high quality and monetary energy of our enterprise,” he mentioned.
He added: “We count on that the advantages from this ranking will enable PBS Expertise Group to higher serve our 1000’s of shoppers throughout the area and proceed to play a management function within the growth of the knowledge know-how and communications trade within the Caribbean.”