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Pakistan

SBP renews status of JCR-VIS, PACRA as ECAIs

KARACHI: The State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in Pakista
Published May 17, 2018 Updated May 17, 2018 07:49pm
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By Parvez JabriAPP
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KARACHI: The State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in Pakistan namely JCR-VIS Credit Rating Company Limited and The Pakistan Credit Rating Agency Limited as eligible/ recognized External Credit Assessment Institutions (ECAIs) for the calendar year 2018.

Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by JCR-VIS and PACRA for credit and assets ratio (CAR) calculation purposes.

Copyright APP (Associated Press of Pakistan), 2018

State Bank of Pakistan (SBP)

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