PACRA maintains Soneri Bank’s rating

KARACHI: The Pakistan Credit Rating Agency Limited (Pacra) has maintained the Soneri Bank’s long-term rating of “AA-”(double A minus) and a short-term rating of “A1+” (single A one plus). Pacra also maintained the rating of unsecured, sub-ordinated and listed Term Finance Certificates (2nd issue) of Rs3,000 million at A+ (single A plus). The above rating is a function of bank’s ability to maintain its market position in the banking industry, while strengthening its overall risk profile with stable outlook.

Published in The Express Tribune, June 29^th, 2018.

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