Prime Minister Welcomes Jamaica’s Latest Global Credit Ratings
By: , January 14, 2026
Photo: Yhomo Hutchinson
Prime Minister, Dr. the Most Hon. Andrew Holness, addresses the official opening of Wisynco Group’s Devon H. Reynolds Brewery and Manufacturing Facility in Lakes Pen, St Catherine, on Tuesday (January 13).
Photo: Yhomo Hutchinson
Prime Minister, Dr. the Most Hon. Andrew Holness (left), engages in discussion with Chief Executive Officer of Wisynco Group, Andrew Mahfood (second left), on new product offerings during the official opening of the company’s US$35‑million state‑of‑the‑art Devon H. Reynolds Brewery and Manufacturing Facility in Lakes Pen, St. Catherine, on Tuesday (January 13.) The plant, named in honour of Wisynco’s current Director of Manufacturing, Devon Reynolds, who has served the organisation for approximately 43 years, represents a major investment in Jamaica’s manufacturing sector. They are joined by Mayor of Portmore, Leon Thomas (centre); Director of Manufacturing, Wisynco Group, Devon Reynolds (second right), and Business Unit Manager, BU3, Sheldon Sharpe.
Photo: Yhomo Hutchinson
Prime Minister, Dr. the Most Hon. Andrew Holness (centre), converses with Wisynco Group Chief Executive Officer, Andrew Mahfood (right), and Chairman, William Mahfood (left), as they tour the company’s US$35‑million state‑of‑the‑art Devon H. Reynolds Brewery and Manufacturing Facility in Lakes Pen, St. Catherine, on Tuesday (January 13), during the official opening. The plant, named in honour of Wisynco’s current Director of Manufacturing, Devon Reynolds, who has served the organisation for approximately 43 years, represents a landmark investment in Jamaica’s manufacturing sector.The Full Story
Prime Minister, Dr. the Most Hon. Andrew Holness, has welcomed the latest credit ratings from three international agencies and reaffirmed the Government’s commitment to strengthening Jamaica’s fiscal position while fostering an enabling environment for business and investment.
Speaking on Tuesday (January 13) during the official opening of Wisynco Group’s Devon H. Reynolds Brewery and Manufacturing Facility in Lakes Pen, St. Catherine, Dr. Holness cited the latest assessments from Standard & Poor’s, Moody’s, and Fitch, noting that “all three… reaffirmed Jamaica’s sovereign credit standing with a stable outlook… in the closing week of last year”.
He noted that Standard & Poor’s has maintained Jamaica’s rating at BB, just two notches below investment grade.
He further pointed out that achieving investment grade status would significantly enhance Jamaica’s ability to attract increased investment, adding “we are getting there slowly but surely”.
The Prime Minister further informed that Moody’s has upgraded Jamaica’s rating to Ba3, noting that this achievement came immediately after the country endured a Category Five hurricane. Additionally, he said Fitch has affirmed Jamaica’s BB- rating.
“It is not just that the Government is supporting the environment for business. Clearly, people who study the global market and study Jamaica’s position in that market, have confidence in the policy menu of the Government, have confidence in the regional economy, and have confidence, generally, for the outlook of Jamaica,” he said.
Dr. Holness urged investors to act on the positive signals, emphasising that Jamaica’s economic fundamentals continue to strengthen and that the country is positioning itself for long‑term, sustainable growth.
The US$35‑million state‑of‑the‑art Devon H. Reynolds Brewery and Manufacturing Facility is named in honour of Wisynco’s current Director of Manufacturing, who has served the company with distinction for approximately 43 years.
