Pak-Oman Bank assigned stable credit rating

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned an initial medium to long-term rating of "BBB+" (Triple B Plus) and short term rating of "A-2" (A Two) to Pak-Oman Microfinance Bank Limited. The outlook on the medium to long term rating is "Stable."
The assigned ratings take into account the two-third shareholding of the Sultanate of Oman in the bank. The ratings also recognised the progress made by the bank in the first year of operations on development of lending methodologies, hiring and training of human resources.-PR