2019 December 30 : AsiaNet-Pakistan

Archive for December 30th, 2019

PACRA Maintains Rating of JS Bank – TFC II

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The ratings reflect relative position of JS Bank in the country’s competitive banking landscape. This stems from system share in deposit which largely remained the same and depleted advances. The bank’s funding base enhanced attributable …

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PACRA Maintains Entity Ratings of GuarantCo Limited

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): GuarantCo Limited, an international Joint Venture development financial institution, is the local currency guarantee arm of the Private Infrastructure Development Group (PIDG). It is directly and indirectly owned by five highly rated sovereigns. Support of …

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PACRA Upgrades Entity Ratings of Motorway Operations and Rehabilitation Engineering (Private) Limited

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): MORE – a wholly owned subsidiary of Frontier Works Organization (FWO) – is specifically established for overlay and modernization of Lahore-Islamabad Motorway (M-2). The project is assigned by National Highway Authority on a Build-Operate-Transfer (BOT) …

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PACRA Maintains Rating of Bank AL Habib Limited – TFC VI – Dec-17

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The rating reflects the bank’s sustained performance, exceptional asset quality, satisfactory financial profile and healthy liquidity. The bank has solidified its relative positioning in the universe of large sized banks by improving its market share …

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PACRA Maintains Entity Ratings of Sui Southern Gas Company Limited

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The ratings reflect significant pressure on the company’s financial profile, emanating from substantially high UFG disallowance and other matters pertaining to operating / non-operating income. The management has cushioned it through various means. The developments …

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PACRA Maintains Instrument Rating of Askari Bank Limited – TFC VI (Additional Tier I) – Jul-18

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): Askari Bank has shown stable growth rate over the years. This has ensured its relative profitability to remain intact. The bank has a strong brand image, aided by its affiliation with one of the strongest …

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PACRA Maintains Entity Ratings of JS Bank Limited

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The ratings reflect relative position of JS Bank in the country’s competitive banking landscape. This stems from system share in deposit which largely remained the same and depleted advances. The bank’s funding base enhanced attributable …

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PACRA Maintains Rating of JS Bank – PPTFC – Dec-16

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The ratings reflect relative position of JS Bank in the country’s competitive banking landscape. This stems from system share in deposit which largely remained the same and depleted advances. The bank’s funding base enhanced attributable …

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PACRA Maintains Entity Ratings of Bank Alfalah Limited

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The rating reflects the bank’s sustained performance, good asset quality, strong financial profile and healthy liquidity. The bank has solidified its relative positioning in the universe of large sized banks by improving its market share. …

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PACRA Maintains Rating of The Bank of Punjab – TFC I – Tier-II

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The ratings reflect improved risk profile of Bank of Punjab (BoP) with an appreciable enhancement in profitability and asset quality over the last few years which supplemented the equity base. Last few years are reflective …

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PACRA Maintains Entity Ratings of K-Electric Limited

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The ratings reflect the operational parameters and the related data reflect improved performance going forward. The number of consumers grew by ~9% during FY19 as compared to FY18. The recovery ratio of the company, which …

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PACRA Maintains IFS Rating of State Life Insurance Corporation of Pakistan

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The rating takes into account State Life Insurance Corporation’s sound market position in life insurance industry emanating from extensive and well-penetrated distribution network, experienced management team and robust financial profile. State Life Insurance Company is …

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