CariCRIS upgrades overall creditworthiness ratings for VM Investments Limited
Regional rating agency, Caribbean Information and Credit Rating Services Limited (CariCRIS), has upgraded VM Investments Limited’s overall creditworthiness ratings to: CariBBB (Regional Scale Local Currency) jmBBB+ (Jamaica National Scale Foreign Currency) jmA- (Jamaica National Scale Local Currency) The rating agency noted a number of strengths to VMIL’s creditworthiness, which it described as ‘Adequate,’ including expected […]
VM Investments Limited’s private equity investment in Coldbush Organics
VM Investments Limited (VMIL) said it took a five per cent stake in Coldbush Organics — a Jamaican chocolate company based in St Thomas. The investment was made in October 2018, but the VMIL only made the deal public earlier this week. It did not state the value of the deal. However, it noted the […]
VMIL supports tech industry with Kingston Beta sponsorship
VM Investments has put into action its commitment to supporting the development of the Jamaican and Caribbean technology industries, through sponsorship of Kingston Beta, the 15-year-old award-winning Caribbean tech event series which seeks to foster growth, collaboration, and innovation within the local and regional technology ecosystem. The sponsorship saw the latest event in the series […]
CariCRIS Reaffirms Investment Grade Credit Ratings for VM Investments Limited
Victoria Mutual Investments Limited (VMIL) has been reaffirmed an investment grade credit rating from rating agency, Caribbean Information and Credit Rating Services Limited (CariCRIS). The ratings are as follows: Regional Scale Ratings Local Currency : CariBBB- National Scale Ratings Local Currency : jmBBB+ Foreign Currency : jmBBB Additionally, the rating agency has assigned a stable […]
VMIL ACQUIRES STAKE IN HOME CHOICE
Kingston, Jamaica: VM Investments Limited (VMIL) has agreed to make a private equity investment in Home Choice Enterprise Limited, which will see the wealth-building arm of the VM Group acquiring a sizeable stake in the manufacturing and distribution company. The equity injection will allow Home Choice Enterprise to expand its business to meet the growing […]
VMIL touts creditable year, promising future at AGM
VM Investments Limited had a year of expansion in 2021 as it began its emergence from the pandemic, according to Rezworth Burchenson, CEO of the wealth-building arm of the VM Group. Burchenson, in delivering his presentation at the company’s Annual General Meeting yesterday, said that many wins were achieved last year that align with the […]
VM Investments Limited enters into definitive agreement to acquire Republic Funds (Barbados) Incorporated
FOR IMMEDIATE RELEASE: VM Investments Limited (VMIL) has entered into a definitive agreement with Republic Bank (Barbados) Limited (RBBL) to acquire 100% of the issued and authorized common shares in Republic Funds (Barbados) Incorporated (RFI), the owner and operator of the Republic Bank Barbados family of Mutual Funds, comprising Republic Property Fund, Republic Income Fund […]
VMIL Signs $700M Loan Facility With Kingston Properties
Victoria Mutual Investments Limited (VMIL) has inked a $700 million deal with real estate investment company, Kingston Properties Limited, in the form of a 13-month bridge loan to complete the expansion of its property portfolio. Dwight Jackson, Assistant Vice President, Corporate Finance, Victoria Mutual Wealth Management Limited, said this financing solution aligns well with the […]
VMIL Receives Investment Grade Credit Ratings From CariCRIS
Victoria Mutual Investments Limited (VMIL) has been assigned an investment grade credit rating from rating agency, Caribbean Information and Credit Rating Services Limited (CariCRIS). The ratings were as follows: Regional Scale Ratings Local Currency : CariBBB- National Scale Ratings Local Currency : jmBBB+ Foreign Currency : jmBBB Additionally, the rating agency has assigned a stable outlook on the […]
VMIL Recorded Strong Wins in 2020
Excellence in Digitalization & Customer Experience Underpins Difficult Year Victoria Mutual Investments Limited (VMIL) recorded strong wins in 2020, rising above the economic fallout of the COVID-19 pandemic to record a consolidated revenue of $1.88 billion, while implementing a suite of solutions to improve excellence in service delivery and digitalisation. This was announced at the […]
