NCB Capital Markets (NCBCM) recently highlighted Jamaica's positive economic transformation in its NCBCM Market Guide, noting that Jamaica's sovereign credit rating has improved to a 'non-investment grade speculative' category. This comes as the sovereign recently received two rating upgrades in just over a month from international rating agencies Standard and Poor Global Ratings (S&P) BB-/stable, and Moody's Investor Services (Moody's) B1/positive.