On June 3, 2015, we raised our long-term foreign and local currency sovereign ratings on Jamaica to 'B' from 'B-'. In addition, we affirmed the 'B' short-term ratings on Jamaica. The outlook on the long-term ratings is stable. The sovereign upgrade reflects the country's ability to meet its fiscal targets in the past two years, which has led to stronger fiscal credibility and steady debt trajectory. We are raising our ratings on National Commercial Bank Jamaica to 'B' from 'B-'. At the same time, we are affirming our 'B' short-term foreign and local currency ratings. The outlook is stable. The bank's 'b+' stand-alone credit profile (SACP) remains unchanged, and the sovereign rating will continue to limit the one on the
