Pkrevenue.com

Tag: credit rating

This tag provides stories related to credit rating. PkRevenue is committed to provide latest article related to credit rating.

  • SBP renews status of credit rating agencies

    SBP renews status of credit rating agencies

    KARACHI: State Bank of Pakistan (SBP) has renewed the status of two leading credit rating agencies.

    In a circular issued on Tuesday, the central bank renewed the status of both credit rating agencies operating in Pakistan namely ‘VIS Credit Rating Company Limited (VIS)’ and ‘The Pakistan Credit Rating Agency Limited (PACRA)’ as eligible / recognized External Credit Assessment Institutions for the calendar year 2019.

    Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for capital adequacy ratio (CAR) calculation purposes.

  • Moody’s downgrades rating for Pakistan banks

    Moody’s downgrades rating for Pakistan banks

    Moody’s Investors Service, a globally renowned credit rating agency, has altered its outlook for Pakistan’s banking system from stable to negative, citing concerns over the sector’s exposure to the nation’s low-rated sovereign debt and a decelerating economy.

    (more…)