Fitch Ratings has assigned a 'BB+' rating to the $150 million series 2016-1 notes issued by Jamaica Merchant Voucher Receivables Limited.
Fitch has also affirmed the rating of Jamaica Merchant Voucher Receivables Limited's outstanding series 2015-1 notes at 'BB+' and the series 2013-1 notes issued by Jamaica Diversified Payment Rights Company at 'BB'. The Rating Outlook is Stable.
Jamaica Merchant Voucher Receivables Limited is backed by future flows due from Visa International Service Association, Visa, and MasterCard International related to international merchant vouchers acquired by NCB.
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