National

LATEST NATIONAL NEWS. READ MORE

Business News

Current Business News. Read More

Company News

Corporate Company News. Read more

Official News

Government Official News. Read more

Press Releases

All Press Releases. Read More

Advertisement
Home » Archive by Tags

Articles tagged with: PACRA

Pakistan Credit Rating Agency Limited assigns Asset Manager Rating to Pak Oman Asset Management Company Limited

November 17, 2016 – 9:57 am | Comments Off on Pakistan Credit Rating Agency Limited assigns Asset Manager Rating to Pak Oman Asset Management Company Limited

Lahore, November 17, 2016 (PPI-OT):The rating reflects the company’s affiliation with a development finance institution – Pak Oman Investment Company Limited (POICL). Lately, POICL made equity injection beefing up equity holding. The company’s strategy plan envisages elevating AUM base through targeting institutional and retail investors while marketing its current fund slate in medium term; a …

Pakistan Credit Rating Agency Limited Maintains IFS Rating of Shaheen Insurance Company Limited

November 17, 2016 – 9:56 am | Comments Off on Pakistan Credit Rating Agency Limited Maintains IFS Rating of Shaheen Insurance Company Limited

Lahore, November 17, 2016 (PPI-OT):The rating reflects SIC’s strong parentage – Shaheen Foundation – ensuring financial soundness of the company while augmenting it’s business operations and control environment through active vigilance. Shaheen Insurance has sustained market share keeping pace with the industry’s growth. Dominating portfolio – motor – is depicting good underwriting results, enabling the …

Pakistan Credit Rating Agency Limited assigns preliminary rating to Proposed privately placed TFC of JS Bank Limited

November 17, 2016 – 9:56 am | Comments Off on Pakistan Credit Rating Agency Limited assigns preliminary rating to Proposed privately placed TFC of JS Bank Limited

Lahore, November 17, 2016 (PPI-OT):The rating of unsecured, subordinated, and privately placed TFC is primarily based on long-term rating of JS Bank – the issuer. The rating of JSBL reflects its strengthened position in the country’s competitive banking landscape. This emanates from enhanced system share (approaching 2% of deposits at end-Sep16). The benefit has trickled …

Pakistan Credit Rating Agency Limited upgrades entity ratings of East West Insurance Company Limited

November 14, 2016 – 10:16 am | Comments Off on Pakistan Credit Rating Agency Limited upgrades entity ratings of East West Insurance Company Limited

Lahore, November 14, 2016 (PPI-OT):The ratings take into account overall improvement in the risk profile of the company. Persistent growth enabled sizeable rise in market share in recent years (9M16: ~3%, CY12: 1.8%). Prudent underwriting practices along with a focus on diversified products and customers helped the company to demonstrate continued healthy underwriting performance. Revamped …

Pakistan Credit Rating Agency Limited downgrades entity ratings of Escorts Investment Bank Limited

November 14, 2016 – 10:16 am | Comments Off on Pakistan Credit Rating Agency Limited downgrades entity ratings of Escorts Investment Bank Limited

Lahore, November 14, 2016 (PPI-OT):EIBL is experiencing deterioration in its business and financial profile. This has severely diminished its risk absorption capacity- also the bank has not been able to meet minimum equity requirement of PKR 750mln. The management has not been able to arrest declining trend in performance. The quantum of loss has gone …

Pakistan Credit Rating Agency Limited assigns entity ratings to Reliance Weaving Mills

November 11, 2016 – 10:20 am | Comments Off on Pakistan Credit Rating Agency Limited assigns entity ratings to Reliance Weaving Mills

Lahore, November 11, 2016 (PPI-OT):The ratings reflect RWML’s adequate business profile. Volumetric growth in local sales, on the back of recent capacity expansion, has provided support to revenues despite lower product prices. Overall gross margins further squeezed mainly due to spinning segment – a phenomenon largely observed industry wide. However, the management expects gradual improvement …