Pakistan Credit Rating Agency Limited Maintains Ratings of Standard Chartered Modaraba
Lahore: The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term rating of Standard Chartered Modaraba (SCM) at “AA+” (Double A plus) and “A1+” (A One Plus), respectively.
These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
The ratings reflect SCM’s demonstrated ability to restrict infection in its finances portfolio despite volatile macroeconomic fundamentals of the country. This is attributable to SCM’s rigorous loan approval process and effective post disbursement monitoring.
SCM enjoys association with a robust financial institution – Standard Chartered Bank (Pakistan) Limited, which, alongwith other benefits has enabled SCM to avail an established franchise among retail depositors.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town, Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425