State Bank of Pakistan renews the Status of VIS and PACRA as Eligible External Credit Assessment Institutions

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Karachi, June 08, 2023 (PPI-OT): State Bank of Pakistan has renewed the status of the two credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions (ECAIs) till December 31 2023.

Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for CAR calculation purposes.

For more information, contact:

Chief Spokesman,

State Bank of Pakistan (SBP)

Central Directorate

I.I. Chundrigar Road, Karachi, Pakistan

Tel: +92-21-111-727-111

Tel: +92-21-39212562

Fax: +92-21-39212433 – 39212436

Email: chief.spokesperson@sbp.org.pk

Website: www.sbp.org.pk