Relevant market share and strong bank name recognition Improving financial performance Concentration in Jamaica sovereign bonds and loans to public entities Larger-than-peer concentration by client and industry Operating in a small, highly indebted, nondiversified economy Standard&Poor's Ratings Services' ratings on National Commercial Bank Jamaica Ltd. (NCB) are constrained by the sovereign ratings on Jamaica because sovereign bonds and loans to public entities represent most of NCB's assets. The ratings are also constrained by the bank's large exposure to Jamaica's government; larger-than-peers-average loan concentration; a relatively small operating environment with high indebtedness in a nondiversified economy; and a challenging environment for the Jamaican banking system. The bank's relevant market presence in the Jamaican banking system, adequate but pressured performance
