JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Faysal Bank Limited (FBL) at ‘AA/A-1+’ (Double A/A-One Plus). Rating of the unsecured, subordinated Term Finance Certificates (Issue II) of FBL has also been reaffirmed at ‘AA-’ (Double A Minus). Outlook on the assigned ratings is ‘Stable’.
The ratings of the bank were issued on June 30, 2017 by JCR-VIS Credit Rating Company.
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and the short-term entity ratings of Faysal Bank at “AA” (Double A) and “A1+” (A One plus), respectively. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments. Outlook on the outstanding ratings is ‘Stable’.
The ratings of the bank were issued on June 22, 2017 by PACRA.
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