Amendment: State Bank renews status of ECAIs
The State Bank of Pakistan has renewed the status of external credit assessment institutions.
Express
April 04, 2011
Less than a minute read
KARACHI:
The State Bank of Pakistan has renewed the status of external credit assessment institutions (ECAIs) of the credit rating agencies operating in Pakistan, JCR-VIS Credit Rating Company Limited and The Pakistan Credit Rating Agency Limited, for the calendar year 2011. Standardised approach of credit risk under Basel-II requires banks / DFIs to use credit ratings assigned by recognised ECAIs for the purpose of calculation of required capital.
Published in The Express Tribune, April 5th, 2011.
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