Karachi, March 27, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reinstated the Insurer Financial Strength Rating of ‘BBB+’ (Triple B Plus) assigned to Takaful Pakistan Limited (TPL) with immediate effect. The outstanding rating has been placed on ‘Rating Watch – Developing’ status in view of change in sponsors and key management personnel. JCR-VIS will continue to monitor company’s developments and update the rating upon finalization of the planned equity injection.
For more information, contact:
CFA
JCR-VIS Credit Rating Company Limited
VIS House, 128/C,
25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: sobia@jcrvis.com.pk