NCB Gets Credit Rating Upgrade from Fitch

National Commercial Bank Jamaica Limited, NCBJ, has received a credit rating upgrade from Fitch.

The internationally acclaimed credit ratings agency has upgraded NCBJ’s Long-Term Foreign and Local Currency Issuer Default Ratings to ‘BB-‘ from ‘B+’.

Fitch has also increased NCBJ’s Viability Rating to ‘BB-‘ from ‘B+’.

NCBJ says this significant milestone is coupled with a positive outlook, mirroring the optimism surrounding Jamaica’s economic prospects.

In a statement on Friday NCBJ, says this rating upgrade from Fitch is a testament to the company’s relentless pursuit of excellence and commitment to financial stability, prudent risk management and strategic growth.

NCBJ also says the upgrades are reflective of a broader acknowledgement of the improvements in Jamaica’s operating environment, which are anticipated to bolster the financial profile of the bank.