PACRA maintains Entity and TFC-II Rating of Soneri Bank Limited
Maintains the Banks’ long-term rating of double A minus
PHOTO: SONERI BANK WEBSITE
KARACHI:
The Pakistan Credit Rating Agency Limited (“PACRA”) has maintained the Banks’ long-term rating of “AA-” (double A minus) and a short-term rating of “A1+” (single A one plus). The PACRA also maintained the rating of unsecured, sub-ordinated and listed Term Finance Certificates (2nd issue) of PKR 3,000 million at A+ (single A plus). The above rating denotes a low expectation of credit risk with stable outlook.
Published in The Express Tribune, July 2nd, 2017.
The Pakistan Credit Rating Agency Limited (“PACRA”) has maintained the Banks’ long-term rating of “AA-” (double A minus) and a short-term rating of “A1+” (single A one plus). The PACRA also maintained the rating of unsecured, sub-ordinated and listed Term Finance Certificates (2nd issue) of PKR 3,000 million at A+ (single A plus). The above rating denotes a low expectation of credit risk with stable outlook.
Published in The Express Tribune, July 2nd, 2017.