We have affirmed our 'B-' long-term counterparty credit rating and 'C' short-term rating on National Commercial Bank Jamaica Ltd. The ratings are constrained by the sovereign rating on Jamaica. The outlook on the ratings remains stable. On April 12, 2011, Standard&Poor's Ratings Services affirmed its long-term counterparty credit rating on National Commercial Bank Jamaica Ltd. (NCB), at 'B-'. At the same time, we affirmed the 'C' short-term rating on the bank. NCB's survivability assessment is affirmed at 'BB-'. The outlook remains stable. The ratings on National Commercial Bank Jamaica Ltd. (NCB) are constrained by the sovereign rating on Jamaica (B-/Stable/C) due to the bank's high exposure to securities and loans with the government and public entities. NCB's high
