Research Update: National Commercial Bank Jamaica Ltd. Long-Term Ratings Raised To 'BB-' Following Same Action On Jamaica; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: National Commercial Bank Jamaica Ltd. Long-Term Ratings Raised To 'BB-' Following Same Action On Jamaica; Outlook Stable

Research Update: National Commercial Bank Jamaica Ltd. Long-Term Ratings Raised To 'BB-' Following Same Action On Jamaica; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: National Commercial Bank Jamaica Ltd. Long-Term Ratings Raised To 'BB-' Following Same Action On Jamaica; Outlook Stable
Published Sep 14, 2023
5 pages (2095 words) — Published Sep 14, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Sept. 13, 2023, S&P Global Ratings raised its long-term sovereign credit ratings on Jamaica to 'BB-' from 'B+', reflecting improved finances. After this action, we raised our long-term issuer credit ratings on domestic lender National Commercial Bank Jamaica Ltd. to 'BB-' from 'B+' because the sovereign rating influences the ratings on the bank. The stable outlook is based on both our expectation that during the next 12 months the bank will maintain its credit fundamentals and on the stable outlook on the sovereign ratings on Jamaica. On Sept. 14, 2023, S&P Global Ratings raised its long-term issuer credit ratings on domestic lender National Commercial Bank Jamaica Ltd. (NCBJ) to 'BB-' from 'B+'. The outlook is stable. We also affirmed

  
Brief Excerpt:

...To From Issuer Credit Rating ##-/Stable/B B+/Stable/B SACP ##- ##- Anchor ##- ##- Business position Strong (+1) Strong (+1) Capital and earnings Moderate (0) Moderate (0) Risk position Moderate (-1) Moderate (-1) Funding and liquidity Adequate and adequate (0) Adequate and adequate (0) Comparable ratings analysis Adequate (0) Adequate (0) Support ALAC support 0 0 GRE support 0 0 Group support 0 0 Sovereign support 0 0 Additional factors 0 -1...

  
Report Type:

Research Update

Ticker
NCB@JA
Issuer
National Commercial Bank Jamaica Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Jamaica
Region
Latin America
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: National Commercial Bank Jamaica Ltd. Long-Term Ratings Raised To 'BB-' Following Same Action On Jamaica; Outlook Stable" Sep 14, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-National-Commercial-Bank-Jamaica-Ltd-Long-Term-Ratings-Raised-To-BB-Following-Same-Action-On-Jamaica-Outlook-Stable-3055339>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: National Commercial Bank Jamaica Ltd. Long-Term Ratings Raised To 'BB-' Following Same Action On Jamaica; Outlook Stable Sep 14, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-National-Commercial-Bank-Jamaica-Ltd-Long-Term-Ratings-Raised-To-BB-Following-Same-Action-On-Jamaica-Outlook-Stable-3055339>
  
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