... Corporation Limited's (SFCL) ratings are constrained by Fitch Ratings' view of economic environment and sovereign risks, including transfer and convertibility (T&C) risks, in Jamaica primarily due to the regional segments' significant earnings contribution and capital. Jamaica's Country Ceiling of `B' was applied to SFCL's ratings, and the Issuer Default Rating (IDR) was notched down to `B' as a result. Barbados Sovereign Risk Manageable: The Barbados government suspended payments due on the foreign currency denominated sovereign debt and expects to restructure its debt obligations. Fitch believes the debt restructuring will likely include a reduction in coupon rates and an extension in debt maturities. Under such a scenario, Fitch believes that the impact to SFCL's capital is manageable relative to the company's credit profile. Good Capitalization: SFCL maintains good capitalization that is well above its target minimum continuing capital...
