AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, October 09, 2012 (PPI-OT): JCR-VIS Credit Rating Company Limited has assigned preliminary rating of ‘A(SO)’ (Single A (Structured Obligation)) to the proposed TFC issues (TFC-1 and TFC-2) of Tameer Micro Finance Bank Limited (Tameer). Outlook on the assigned ratings is ‘Stable’. The entity rating of Tameer is ‘A/A-1’ (Single A/A-One).
The preliminary rating assigned to the TFC issues takes into account 40% partial guarantee of the outstanding principal from State Bank of Pakistan under the Microfinance Credit Guarantee Facility. TFC-1 will be redeemed in bullet at the end of 13 months while TFC-2 has a tenor of 24 months. Both TFCs are of Rs. 500m each.
For more information, contact:
Mr. Javed Callea
Advisor
JCR-VIS Credit Rating Company Limited
Tel: +9221 35311861 (10 lines) (Ext: 501)
Fax: +9221 35311872-3
E mail: javed.callea@jcrvis.com.pk