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State Bank of Pakistan renews Status of JCR-VIS Credit Rating Company Limited and Pakistan Credit Rating Agency Limited as Eligible External Credit Assessment Institutions

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:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: syed.wasimuddin@sbp.org.pk
Website: www.sbp.org.pk

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