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