Pacra assigns AA, A1+ ratings to ABL

Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of AA (Double A) and a short-term rating of A1+ (A one plus) to Allied Bank Limited (ABL). These rating denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
The ratings reflect ABL's robust business prospects emanating from its extensive outreach, sound capital structure and ongoing restructuring of its systems and resources - human and technology infrastructure.-PR