RATING ACTION:
On September 15, 2022, CariCRIS reaffirmed the assigned regional ratings of CariA+ (Local Currency Ratings) and CariA (Foreign Currency) and jmAAA (Local Currency) and jmAA+ (Foreign Currency) on the Jamaica national scale for NCB Financial Group Limited. A stable outlook was assigned.
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the ratings and /or outlook include:
- Improvement in the credit ratings of the Government of Jamaica (GoJ) and/or the Government of the Republic of Trinidad and Tobago (GoRTT) leading to an improved sovereign risk profile.
Factors that could, individually or collectively, lead to a lowering of the ratings/or outlook include:
- Deterioration of any of the subsidiaries’ CAR below the country-specific regulatory requirements
- Deterioration in the credit ratings of the Government of Jamaica (GoJ) and/or the Government of the Republic of Trinidad and Tobago (GoRTT) leading to a worsened sovereign risk profile
- Deterioration in cost to income ratio of 90% or above
Analysts’ Contact Info:
Keith Hamlet
Mobile : 1-868-487-4356
Sharlene Gordon
Mobile : 1-1876-618-9811