NCB (Cayman) Limited retains CariA rating as NCB Capital Markets (Cayman) Ltd earns upgrade

Tuula Jalasjaa

NCB (Cayman) Limited has reaffirmed its CariA rating on the regional scale, a reflection of the company’s solid financial foundation and positive performance within the thriving economic landscape of the Cayman Islands.

The rating affirms NCB (Cayman) Limited’s affiliation with the NCB Financial Group, its  financial performance, and adequate capitalisation. Despite the rising interest rate environment, NCB (Cayman) Limited benefits from the Cayman Islands’ transparent and robust regulatory framework and with an investment portfolio consisting largely of fixed-income securities rated B or above, its asset quality remains strong. 

Meanwhile, NCB Capital Markets (Cayman) Ltd has been upgraded to CariA on the regional scale while retaining a strong jmAA- rating in Jamaica.

NCB said in a press release this dual recognition from CariCRIS highlighted the NCB Financial Group’s dedication to maintaining high standards in banking and financial services, showcasing the Group’s strength and economic resilience within the Caribbean.

Tuula Jalasjaa, acting managing director of both NCB (Cayman) Limited and NCB Capital Markets (Cayman) Ltd said: “The steadfast CariA rating of NCB (Cayman) Limited confirms our continued dedication to financial excellence within the Cayman Islands. NCB has had a continuous presence in the Cayman Islands since 1992 and we’re proud to uphold the high standards that have fortified our reputation as a trusted financial institution.” 

She added, “This, coupled with the remarkable upgrade of NCB Capital Markets (Cayman) Ltd, is a dual testament to our Group’s strategic growth and market presence across the Caribbean, reinforcing our commitment to our clients and our vision for the future.”

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