On Sept. 19, 2014, we revised the outlook on Jamaica to positive from stable thanks to improved external liquidity, a return to economic growth, and the government's success in meeting its fiscal targets. We are revising the outlook to positive from stable and affirming our 'B-/B' ratings on National Commercial Bank Jamaica. The positive outlook reflects our view that if the ratings on the bank will move in tandem with those on the sovereign. On Sept. 23, 2014, Standard&Poor's Ratings Services revised the outlook on National Commercial Bank Jamaica (NCBJ) to positive from stable, following similar action on the sovereign. In addition, we affirmed our 'B-/B' ratings on the bank. The Jamaica government has taken difficult initial steps
