Bulletin: Economic Risk Trend On Jamaica's Banking Industry Revised To Stable On Manageable Credit Risks; No Ratings Affected - S&P Global Ratings’ Credit Research

Bulletin: Economic Risk Trend On Jamaica's Banking Industry Revised To Stable On Manageable Credit Risks; No Ratings Affected

Bulletin: Economic Risk Trend On Jamaica's Banking Industry Revised To Stable On Manageable Credit Risks; No Ratings Affected - S&P Global Ratings’ Credit Research
Bulletin: Economic Risk Trend On Jamaica's Banking Industry Revised To Stable On Manageable Credit Risks; No Ratings Affected
Published Apr 01, 2022
3 pages (1254 words) — Published Apr 01, 2022
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About This Report

  
Abstract:

MEXICO CITY (S&P Global Ratings) April 1, 2022--Following a recent review of its Banking Industry Country Risk Assessment (BICRA) on Jamaica (B+/Stable/B), S&P Global Ratings revised its BICRA economic risk trend to stable from negative. Our revision doesn't result in a change to our economic risk assessment, to Jamaica's BICRA group, or to its current 'bb-' anchor. The revision also doesn't affect our ratings and outlook on Jamaican bank National Commercial Bank Jamaica Ltd. (NCBJ; B+/Stable/B), which we cap by the sovereign ratings on Jamaica. Our revision of the BICRA economic risk trend to stable reflects our view that despite the challenging economic conditions as a result of the pandemic, which hurt corporations and families' income levels during the last

  
Report Type:

Bulletin

Ticker
NCB@JA
Issuer
National Commercial Bank Jamaica Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Jamaica
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Economic Risk Trend On Jamaica's Banking Industry Revised To Stable On Manageable Credit Risks; No Ratings Affected" Apr 01, 2022. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Economic-Risk-Trend-On-Jamaica-s-Banking-Industry-Revised-To-Stable-On-Manageable-Credit-Risks-No-Ratings-Affected-2818713>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Economic Risk Trend On Jamaica's Banking Industry Revised To Stable On Manageable Credit Risks; No Ratings Affected Apr 01, 2022. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Economic-Risk-Trend-On-Jamaica-s-Banking-Industry-Revised-To-Stable-On-Manageable-Credit-Risks-No-Ratings-Affected-2818713>
  
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