Pakistan

JCR-VIS reaffirms ratings of Allied Rental Modaraba at A+ I A-1

Published December 28, 2015 Updated December 28, 2015 09:57am

1 min

By Parvez Jabri

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KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Allied Rental Modaraba (ARM) at 'A+/A-1' (Single A Plus/A-One).

Outlook on the assigned ratings is `Stable'. 'The previous rating action was announced on December 29, 2014, a news release issued here on Monday said.

The assigned ratings reflect sound financial risk profile of the Modaraba as evident from adequate liquidity profile and capitalization levels.

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