Pakistan Credit Rating Agency maintains Entity Ratings of Mybank Limited

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of the bank at “A-” (Single A Minus) and “A2″ (A Two), respectively. The ratings denote low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments. The ratings of MYBL reflect persistent pressure on the asset quality of the bank magnified by prevailing tough socio-economic environment. This continues to weaken MYBL’s risk absorption capacity, of which a sizable […]