Allied Bank Limited’s credit rating of June 2011
Karachi: In accordance with listing Regulation, we are pleased to convey the following information:
The Pakistan Credit Rating Agency (PACRA) has maintained long-term entity rating “AA” (Double A) and the short-term entity rating “A1+” (A one plus) for Allied Bank Limited (ABL). PACRA has also maintained rating of “AA-” (Double A minus) to the listed, unsecured, subordinated TFC-II issue of PKR 3,000 mln of ABL. The outlook on these ratings remain ‘Positive’. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
For more information, contact:
Allied Bank Limited
Main Clifton Road,
Bath Island, Karachi-75600
UAN: +9221 111-110-110