Lahore, March 28, 2023 (PPI-OT): NBP Government Securities Liquid Fund is a low-risk profile fund. The assigned rating reflects the Fund’s strong credit and interest rate risk profile emanating from its investment strategy. The Fund had invested 7.5% in banks majority in AA+ rated bank.
Whereas ~91.4% in T-Bills and ~1.1% in others at the end Dec’22. The duration and WAM of the Fund stood at 14 days at the end Dec’22, limiting the exposure to interest rate and credit risk. The unit holding pattern of the Fund stood at ~67.5% at the end Dec’22, representing top ten investor concentration. Going forward, any Material changes in the investment policy or the devised rating criteria for the assigned rating would have an impact on the ratings.
For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com
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