KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Zarai Taraqiati Bank Limited (ZTBL) at `AAA/A-1+' (Triple A/A-One Plus).
JCR-VIS has also reaffirmed ratings of `AAA/A-1+'(Triple A/A-One Plus) assigned to governemnt Guaranteed Obligations of ZTBL. Outlook on the ratings is `Stable'. The previous rating action was announced on June 19,2015, a statement of JCR-VIS said here on Thursday.
The ratings assigned to ZTBL take into account the implicit support of Governemnt of Pakistan (GoP) being the ultimate shareholder of the bank through State Bank of Pakistan (SBP). The ratings also draw comfort from the prominent role of ZTBL in the agriculture development of the country.
Comments
Comments are closed.