{"id":1782,"date":"2024-10-09T16:11:48","date_gmt":"2024-10-09T20:11:48","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1782"},"modified":"2025-04-29T16:12:39","modified_gmt":"2025-04-29T20:12:39","slug":"ncb-capital-markets-limited-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/ncb-capital-markets-limited-2\/","title":{"rendered":"NCB Capital Markets Limited"},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><strong>\u00a0<\/strong>On September 20, 2024, CariCRIS reaffirmed the Issuer\/Corporate Ratings assigned to <strong>NCB Capital Markets Limited (NCBCML or the Company) <\/strong>at <em>Cari<\/em><strong>A-<\/strong> (Foreign Currency Rating) and<em> Cari<\/em><strong>A<\/strong> (Local Currency Rating) on the regional scale, and <em>jm<\/em><strong>AA-<\/strong> (Local Currency Rating) on the Jamaica national scale. A <strong>stable <\/strong>outlook was maintained.<\/p>\n<p class=\"badge\"><strong>\u00a0<\/strong><strong>RATING SENSITIVITY FACTORS:<\/strong><strong>\u00a0<\/strong><\/p>\n<p><strong>Factors that could, individually or collectively, lead to an improvement of the ratings and\/or outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\">Improving profitability by 10% or more for 2 consecutive periods as a result of higher income earned from its asset management and investment banking segments<\/li>\n<li data-mce-word-list=\"1\">Improvement in 1-year Liquidity Gap ratio to 35% or better for two consecutive years<\/li>\n<li data-mce-word-list=\"1\">Improvement in the Government of Jamaica\u2019s (GoJ) credit rating leading to an improved credit risk profile of National Commercial Bank Jamaica Limited (NCBJ or the Parent)<\/li>\n<li data-mce-word-list=\"1\">Growth in Tangible Net Worth (TNW) by 15% or more for 2 consecutive financial periods<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering of the ratings and\/or outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\">Worsening of NCBCML\u2019s short-term J$ liquidity measures over a 24-month period<\/li>\n<li data-mce-word-list=\"1\">A downgrade in the GoJ\u2019s credit rating leading to a deteriorated credit risk profile of NCBJ<\/li>\n<li data-mce-word-list=\"1\">A reduction in NCBCML\u2019s capital adequacy ratio to below the Systematically Important Financial Institution (SIFI) regulatory minimum of 14%<\/li>\n<li data-mce-word-list=\"1\">A Reduction in Profit After Tax (PAT) by 15% or more for 1 financial year<\/li>\n<li data-mce-word-list=\"1\">A contraction in TNW\/total assets ratio to 10% or less for 2 consecutive financial periods<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<p>Keith Hamlet<br \/>\nMobile : 1-868-487-8356<br \/>\n<a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/p>\n<p>Maxwell Gooding<br \/>\n<a href=\"mailto:mgooding@caricris.com\">mgooding@caricris.com<\/a><\/p>\n<p>www.caricris.com<br \/>\n<a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/p>\n<p><span style=\"font-size: 8pt;\"><strong>Disclaimer:<\/strong> CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable. However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. No part of this report may be published\/ reproduced in any form without CariCRIS\u2019 prior written approval. CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers\/ users\/ transmitters\/ distributors of this product.<\/span><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: \u00a0On September 20, 2024, CariCRIS reaffirmed the Issuer\/Corporate Ratings assigned to NCB Capital Markets Limited (NCBCML or the Company) at CariA- (Foreign Currency Rating) and CariA (Local Currency Rating) on the regional scale, and jmAA- (Local Currency Rating) on the Jamaica national scale. A stable outlook was maintained. \u00a0RATING SENSITIVITY FACTORS:\u00a0 Factors that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-1782","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NCB Capital Markets Limited - CariCRIS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/ncb-capital-markets-limited-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NCB Capital Markets Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: \u00a0On September 20, 2024, CariCRIS reaffirmed the Issuer\/Corporate Ratings assigned to NCB Capital Markets Limited (NCBCML or the Company) at CariA- (Foreign Currency Rating) and CariA (Local Currency Rating) on the regional scale, and jmAA- (Local Currency Rating) on the Jamaica national scale. A stable outlook was maintained. \u00a0RATING SENSITIVITY FACTORS:\u00a0 Factors that [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/ncb-capital-markets-limited-2\/\" \/>\n<meta property=\"og:site_name\" content=\"CariCRIS\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-09T20:11:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-29T20:12:39+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"headline\":\"NCB Capital Markets Limited\",\"datePublished\":\"2024-10-09T20:11:48+00:00\",\"dateModified\":\"2025-04-29T20:12:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/\"},\"wordCount\":374,\"commentCount\":0,\"articleSection\":[\"Rating Releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/\",\"name\":\"NCB Capital Markets Limited - CariCRIS\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#website\"},\"datePublished\":\"2024-10-09T20:11:48+00:00\",\"dateModified\":\"2025-04-29T20:12:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/ncb-capital-markets-limited-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NCB Capital Markets Limited\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#website\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/\",\"name\":\"CariCRIS\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\",\"name\":\"admin\",\"sameAs\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\"],\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NCB Capital Markets Limited - CariCRIS","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/ncb-capital-markets-limited-2\/","og_locale":"en_US","og_type":"article","og_title":"NCB Capital Markets Limited - CariCRIS","og_description":"RATING ACTION: \u00a0On September 20, 2024, CariCRIS reaffirmed the Issuer\/Corporate Ratings assigned to NCB Capital Markets Limited (NCBCML or the Company) at CariA- (Foreign Currency Rating) and CariA (Local Currency Rating) on the regional scale, and jmAA- (Local Currency Rating) on the Jamaica national scale. 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