Business & Finance Print edition: 2026-10-24

VIS upgrades entity ratings of NRSP Microfinance Bank Ltd

Published October 24, 2026 Updated October 24, 2026 05:32am

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By Press Release

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KARACHI: VIS Credit Rating Company Limited (VIS) has upgraded entity ratings of NRSP Microfinance Bank Limited(‘NRSPMFB” or the ‘MFB’) from ‘A-/A2’ (Single A Minus/A Two) to ‘A/A1’ (Single A/A One). Medium to long term rating of ‘A’ indicates good credit quality; protection factors are adequate. Risk factors may vary with possible changes in the economy.

Short term rating of’A1’ indicates strong likelihood of timely repayment of short-term obligations with excellent liquidity factors. Outlook on the assigned ratings remains ‘Stable.’ Previous rating action was announced on May 05, 2026.

The ratings reflects the material strengthening in NRSPMFB overall risk profile, supported by improved capitalization, enhanced provisioning coverage, and a more resilient financial position. The Bank has strengthened its capital base through fresh equity injection, allowing it to fully absorb expected credit losses, identified upon the adoption of IFRS 9.

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