We revised our Banking Industry Country Risk Assessment (BICRA) on Jamaica to group '9' from '10' after revising our economic risk score to '9' from '10'. This reflects our perception of lesser pressure on Jamaica's banking system in terms of credit risk in the economy. The industry risk score remains unchanged at '8', and the trend for both scores--economic and industry risk--remains stable. As a result, we revised upward the anchor for the banking system to 'b+' from 'b'. Therefore, we raised the stand-alone credit profile (SACP) on domestic bank NCBJ to 'b+' from 'b'. However, we affirmed our 'B' long- and 'B' short-term issuer credit ratings (ICR) on the bank because they're limited by the sovereign ratings. The stable
