PACRA maintains Soneri Bank’s rating 

Pakistan Credit Rating Agency Limited (Pacra) has maintained the Soneri Bank’s long-term rating of “AA-”


Press Release June 29, 2018
Soneri Bank logo. PHOTO: SONERI BANK WEBSITE

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 29th, 2018.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

E-Publications

Most Read

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ