September 29, 2023
Caribbean Information and Credit Rating Services Limited (CariCRIS) has upgraded the Issuer/Corporate Credit Ratings assigned to National Commercial Bank Jamaica Limited (NCBJ or the Bank) by 1-notch to CariA (Foreign Currency Rating) and CariA+ (Local Currency Rating) on its regional rating scale and reaffirmed the Issuer/Corporate Credit Rating of jmAA+ (Local Currency Rating) on its Jamaica national rating scale. The regional scale ratings indicate that the level of creditworthiness of this obligor, adjudged in relation to other obligors in the Caribbean is good. The national scale rating indicates that the level of creditworthiness of this obligor, adjudged in relation to other obligors in Jamaica is high.
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