JCR-VIS finalizes rating of Basel 3 Tier 2 instrument by Silk Bank Limited

Karachi, November 20, 2018 (PPI-OT): Upon review of signed legal documents and finalized security features, JCR-VIS Credit Rating Company Limited has finalized the rating of ‘A-’ (Single A Minus) assigned to Silk Bank Limited’s (SBL) Basel 3 Tier-2 debt instrument. Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on 24th April 2017.

For more information, contact:
CFA
JCR-VIS Credit Rating Company Limited
VIS House, 128/C,
25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: sobia@jcrvis.com.pk