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Pakistan

JCR-VIS reaffirms ratings of Allied Rental Modaraba at A+ I A-1

Published December 28, 2015 Updated December 28, 2015 09:57am
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By Parvez Jabri
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imageKARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Allied Rental Modaraba (ARM) at 'A+/A-1' (Single A Plus/A-One).

Outlook on the assigned ratings is `Stable'. 'The previous rating action was announced on December 29, 2014, a news release issued here on Monday said.

The assigned ratings reflect sound financial risk profile of the Modaraba as evident from adequate liquidity profile and capitalization levels.

Copyright APP (Associated Press of Pakistan), 2015

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