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Monthly Archives: December 2017

JCR-VIS Reaffirms Fund Stability Rating of Meezan Cash Fund

Karachi, December 29, 2017 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Fund Stability Rating (FSR) of Meezan Cash Fund (MCF) at ‘AA (f)’ (Double A (f)). The previous rating action was announced on December 30, 2016.

MCF operates …

JCR-VIS Reaffirms Fund Stability Rating of HBL Money Market Fund

Karachi, December 29, 2017 (PPI-OT):JCR-VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating (FSR) of HBL Money Market Fund (HBLMMF) at ‘AA(f)’ (Double A (f)). The previous rating action was announced on January 05, 2017.

Current rating takes …

PACRA Maintains Entity and TFC Ratings of Standard Chartered Bank (Pakistan) Limited

Lahore, December 29, 2017 (PPI-OT):The ratings reflect SCBPL’s association with a financially sound and reputed international bank – Standard Chartered PLC. This is supplemented by SCBPL’s strategic and operational integration into the parent as the bank continues to benefit from …

PACRA Maintains Entity Ratings of Allied Bank Limited

Lahore, December 29, 2017 (PPI-OT):The ratings reflect sustained risk profile of Allied Bank Limited (ABL). This emanates from a sound equity base and robust liquidity profile. The bank has improved its equity base over the years. The bank continues to …

PACRA Maintains Entity and TFCs Ratings of MCB Bank Limited

Lahore, December 29, 2017 (PPI-OT):The ratings take note of MCB’s sustained financial profile, reflected in very strong capitalization, sound liquidity and diverse deposit base. This has been enabled by the bank’s able parentage, wherein a diverse mix of sponsors – …

JCR-VIS Reaffirms Fund Stability Rating of HBL Islamic Money Market Fund

Karachi, December 29, 2017 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Fund Stability Rating (FSR) of HBL Islamic Money Market Fund (HBL IMMF) at ‘AA(f)’ (Double A(f)). The previous rating action was announced on January 5, 2017.

HBL …

JCR-VIS Reaffirms Fund Stability Rating of BMA Empress Cash Fund

Karachi, December 29, 2017 (PPI-OT):JCR-VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating (FSR) of BMA Empress Cash Fund (BECF) at ‘AA+(f)’ (Double A Plus(f)). The previous rating action was announced on January 02, 2017.

BECF operates as …

JCR-VIS Upgrades Management Quality Rating of HBL Asset Management Limited

Karachi, December 29, 2017 (PPI-OT):JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) has upgraded the Management Quality Rating (MQR) of HBL Asset Management Limited (HBL AMC) to ‘AM2+’ (AM-Two Plus) from ‘AM2’ (AM-Two). Outlook on the assigned rating is ‘Stable’. The previous …