PACRA Maintains A+ Rating for Soneri Bank Limited’s Tier 2 Capital TFC

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced that it will maintain the long-term entity rating of A+ for Soneri Bank Limited’s Tier 2 Capital Term Finance Certificate (TFC) valued at PKR 4 billion. The outlook remains stable, reflecting a consistent assessment since June 2024.

According to The Pakistan Credit Rating Agency Limited, the decision to maintain the rating stems from a thorough analysis of Soneri Bank Limited’s financial stability and creditworthiness. The bank’s current rating action, effective as of December 30, 2024, mirrors the previous evaluation conducted on June 28, 2024. The short-term rating and rating watch remain unspecified, in line with prior assessments.

The stable outlook indicates confidence in the bank’s ability to meet its financial commitments, and the A+ rating suggests a strong capacity to repay its obligations. This rating is a key indicator for investors and stakeholders assessing the risk and performance of Soneri Bank Limited’s financial instruments.

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