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Pakistan

JCR-VIS reaffirms entity ratings of Sindh Leasing Co.

Published May 28, 2018 Updated May 28, 2018 02:58pm
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By Fawad MaqsoodAPP
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KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Sindh Leasing Company Limited (SLCL) at `single A plus/A-one.

The outlook on the assigned ratings is stable. Previous rating action was announced on June 20, 2017, said press release on Monday.

The assigned ratings reflect profile of Sindh Government's (the sponsor of SLCL), board level governance, asset quality and leverage indicators.    However, ratings are constrained by the lease, loan and advances portfolio which is considered nascent due to high levels of client and sector concentration.

Copyright APP (Associated Press of Pakistan), 2018
 

 

 

 

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