Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the Issuer/Corporate Credit Ratings assigned to NCB Capital Markets at CariA- (Foreign Currency Rating) and CariA (Local Currency Rating) on the regional rating scale, and jmAA- (Local Currency Rating) on the Jamaica national scale.
The regional scale ratings indicate that the level of creditworthiness of NCB Capital Markets, adjudged in relation to other similar entities in the Caribbean, is good.
The Jamaica national scale rating indicates that the level of creditworthiness in relation to other similar companies in Jamaica, is high.
These ratings include a 2-notch uplift for implied support from National Commercial Bank Jamaica. CariCRIS has also maintained a stable outlook on the ratings.
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