Oct 2019 Financial News

NCB Financial Group Limited - CariCRIS Credit Rating Upgrade for NCB Financial Group Limited

Oct 02, 2019

NCB Financial Group Limited announces that Caribbean Information and Credit Rating Services Limited (CariCRIS) upgrades the ratings of NCB Financial Group.

CariCRIS has upgraded the regional scale Issuer Ratings of NCB Financial Group Limited (NCBFG) to CariA+ (Local Currency) and CariA (Foreign Currency) and reaffirmed the Jamaican national scale rating of jmAAA (Local Currency) and jmAA+ (Foreign Currency). CariCRIS has upgraded the regional scale ratings of the US $75 million notional debt issue of National Commercial Bank Jamaica Limited (NCBJ) by one notch to CariA- (Foreign Currency Rating) and CariA (Local Currency Rating) and reaffirmed the national scale rating of jmAA+.

CariCRIS has upgraded the regional scale Issuer/Corporate Credit ratings of NCB Capital Markets Limited (NCBCML) to CariA- (Local Currency Rating) and CariBBB+ (Foreign Currency Rating) and reaffirmed the national scale rating of jmAA-.

CariCRIS has reaffirmed the Issuer/ Corporate Credit Ratings of CariA (Foreign and Local Currency) on the regional rating scale of NCB (Cayman) Limited (NCBKY).


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 2nd October, 2019