Lahore, June 14, 2012 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Askari Bank Limited (AKBL) at “AA” (Double A) and “A1+” (A One plus), respectively. The ratings of the four unsecured and subordinated TFCs issues (PKR 1,500mln, PKR 1,500mln, PKR …

Lahore, June 14, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has revised the stability rating of Pakistan Income Enhancement Fund (PIEF), an open-end aggressive income fund to ‘A+(f)’ (Single A Plus ; fund rating) [Previous rating:- ‘AA-(f)’]. The fund’s rating denotes a strong capacity to manage relative stability in …

Lahore, June 14, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has revised the stability rating of Pakistan Income Fund (PIF), an open-end income fund to ‘A+(f)’ (Single A Plus ; fund rating) [Previous rating:- ‘AA-(f)’]. The fund’s rating denotes a strong capacity to manage relative stability in returns and …

Lahore, June 14, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has upgraded Project Grading of Centrepoint Karachi to ‘PG2-‘ (PG two minus), [Previous: PG3+]. The grading denotes prospects of execution of the real estate project as per plan and the ability to transfer ownership as per terms are highly …

Lahore, June 14, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has assigned a stability rating of ‘AA-(f)’ (Double A Minus ; fund rating) to MCB Islamic Income Fund (MCB-IIF), an open-end Shariah compliant income fund. The fund’s rating denotes very strong capacity to manage relative stability in returns and …

Karachi, June 14, 2012 (PPI-OT): Consul General of Malaysia, Abu Bakar Mamat said that Malaysia and Pakistan recorded 25 and 10 per cent increase in bilateral trade in 2010 and 2011 respectively. The positive growth was subsequent to the signing of FTA (free trade agreement) between the two countries in …

Lahore, June 14, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has upgraded the asset manager rating of NBP Fullerton Asset Management Limited to ‘AM2’ (AM Two) [Previous Rating: AM2- ‘with Positive Outlook’]. The ratings reflects company’s very strong capacity to manage risks inherent in the asset management business and …