On Oct. 4, 2021, S&P Global Ratings revised the outlook on its 'B+' long-term issuer credit rating on Jamaica to stable from negative because the country has demonstrated commitment to fiscal consolidation, despite the ongoing COVID-19 pandemic, and we believe the risks for its economy and government finances have receded. As a result, on Oct. 5, 2021, we revised the outlook to stable from negative on our long-term rating on domestic lender NCBJ because the sovereign ratings influence those on the bank. We also affirmed our 'B+/B' ratings on the bank. The stable outlook on the lender reflects that on Jamaica, which indicates our view that government finances will return to a surplus, supported by an improving economy, and that
