Karachi, May 12, 2016 (PPI-OT):State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “JCR-VIS Credit Rating Company Limited (JCR-VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible/ recognized External Credit Assessment Institutions (ECAIs) for the calendar year 2016. Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by JCR-VIS and PACRA for CAR calculation purposes.
For more information, contact:
State Bank of Pakistan (SBP)
I.I. Chundrigar Road, Karachi, Pakistan
Fax: +92-21-39212433 – 39212436