Amendment: State Bank renews status of ECAIs
The State Bank of Pakistan has renewed the status of external credit assessment institutions.
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.
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.