JCR-VIS Assigns Single A Rating To KMFBL
Fakhir Rizvi Published December 13, 2017 | 09:30 PM
JCR-VIC Credit Rating Company Limited has assigned preliminary rating of single A to the proposed Tier-II debt instrument of Khushhali Micro Finance Bank Limited (KMBL)
KARACHI, (UrduPoint / Pakistan Point News - 13th Dec, 2017 ) :JCR-VIC Credit Rating Company Limited has assigned preliminary rating of single A to the proposed Tier-II debt instrument of Khushhali Micro Finance Bank Limited (KMBL).
The outlook on the assigned rating is stable.
The rating will be finalized on review of signed legal document, said press release on Wednesday. The rating incorporates strong sponsors profile including one of the top tier commercial banks in the country and majority foreign shareholding.
The rating also takes into account the vast experience of the bank in the micro finance sector and its leading position in the micro finance industry in terms of total gross loan portfolio deposits and asset base.
Recent Stories
At least 10 people killed in Brazil fire: officials
Shahzaib Rind calls on Deputy Speaker Balochistan
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-le ..
DC Tharparkar inaugurates anti-polio campaign
HDA Mehran workers demand salaries
Taxila police nab motorcycle lifter gang
Inter-university weightlifting championship kicks off at SAU
Walk held in a series of enrollment campaigns
Team from Gaza mediator Egypt arrives in Israel for truce talks
Kids murders: IHC orders psychiatric examination of mother
Health minister credits PML-N for advancements in organ transplantation
Court grants interim bail to Azam Swati in cyber crime case
More Stories From Business
-
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
9 minutes ago -
Police to take every step for security of business community: IGP
9 minutes ago -
WB director, Planning minister discuss reforms in development projects
17 minutes ago -
IP rights crucial in achieving SDG : Jam Kamal
2 hours ago -
FBR’s data protection efforts commended by OECD assessment team
2 hours ago -
US stocks rebound on tech earnings, London hits new record
2 hours ago
-
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
2 hours ago -
SBP to announce monetary policy on April 29
2 hours ago -
50pc cut in subsidy of BRT service likely: CM’s aide
4 hours ago -
PSX gains 771 points
4 hours ago -
Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties
5 hours ago -
Meeting held to streamline trade between Pak-Afghan , Central Asian Republics
4 hours ago