Largest full-service commercial bank in Jamaica, with a sizeable market share and good brand recognition; and Adequate profitability despite Jamaica's weak economy. Capital at risk of breaching regulatory minimum requirements; Concentration in troubled market; and High exposure to sovereign bonds. The stable outlook reflects our expectation that Jamaica-based bank National Commercial Bank Jamaica Ltd. (NCBJ) will continue to operate as the largest financial institution in the country by assets, although largely exposed to sovereign debt and public sector lending. Thus, we expect the ratings on the bank to move in tandem with those on the sovereign. Nevertheless, we could downgrade the bank if its capital deteriorates, and its regulatory capital levels fail to meet the regulatory required minimum. The bank's
