KARACHI: The Pakistan Credit Rating Agency Limited (“PACRA”) has maintained the Banks’ long-term rating of “AA-” (double A minus) and a short-term rating of “A1+” (single A one plus). The PACRA also maintained the rating of unsecured, sub-ordinated and listed Term Finance Certificates (2nd issue) of PKR 3,000 million at A+ (single A plus). The above rating denotes a low expectation of credit risk with stable outlook.
Published in The Express Tribune, July 2nd, 2017.
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