National Commercial Bank Jamaica Ltd. 'B+/B' Ratings Affirmed Under Revised Criteria; Outlook Still Stable

On Dec. 9, 2021, S&P Global Ratings published its revised criteria for financial institutions. We have reviewed our ratings on National Commercial Bank Jamaica under our revised criteria. We have affirmed the ratings on the bank, and the outlook is unchanged. MEXICO CITY (S&P Global Ratings) Dec. 16, 2021--S&P Global Ratings today said that it has affirmed its issuer credit ratings on National Commercial Bank Jamaica Ltd. (NCBJ). The affirmation follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA). (See "Financial Institutions Ratings Methodology" and " Banking Industry Country Risk Assessment Methodology And Assumptions ," both published Dec. 9, 2021). We affirmed the 'B+' long-term and

...December 16, 2021 - On Dec. 9, 2021, S&P Global Ratings published its revised criteria for financial institutions. - We have reviewed our ratings on National Commercial Bank Jamaica under our revised criteria. - We have affirmed the ratings on the bank, and the outlook is unchanged. MEXICO CITY (S&P Global Ratings) Dec. 16, 2021--S&P Global Ratings today said that it has affirmed its issuer credit ratings on National Commercial Bank Jamaica Ltd. (NCBJ). The affirmation follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA). (See "Financial Institutions Ratings Methodology" and " Banking Industry Country Risk Assessment Methodology And Assumptions ," both published Dec. 9, 2021). We affirmed the 'B+' long-term and 'B' short-term issuer credit ratings on NCBJ. The outlook on the long-term rating remain unchanged. Our assessments of economic risk and industry risk in Jamaica (B+/Stable/B)...

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