Credit Rating Company Limited

Founder Shareholder:
Islamic International Rating Agency Ltd., Bahrain
Joint Venture Partner:
Credit Rating Information & Services Ltd., Bangladesh
Association of Credit Rating Agencies in Asia - ACRAA

ISSUE #2 | AUGUST 2016

JCR-VIS Assigns AAA to UBL

JCR-VIS has upgraded the entity ratings of United Bank Limited (UBL) to 'AAA/A-1+' (Triple A/A-One Plus) from AA+/A-1+ (Double A Plus/A-One Plus). Outlook on the assigned ratings is 'Stable'. Click   here for details.

JCR-VIS Participates in ACRAA Training Workshop

The Association of Credit Rating Agencies in Asia held a training workshop on the topic of "Enterprise-Wide Risk Management" in Manila, Philippines on 28-29th July 2016, in which JCR-VIS was invited to participate. Learn more.

Rating Methodology Update for Government Supported Entities

Keeping in line with the need to continuously apprise all concerned stakeholders of its policies, JCR-VIS released its updated methodology for the rating of Government Supported Entities (GSEs). Click  here for details.

Sector Studies for Life Insurance & Caustic Soda Sectors Released

To effectively account for how the growth in the sectors of life insurance and the chlor-alkali industry will influence the participants in these respective sectors, JCR-VIS issued Sector Studies for the same. Click here for details.

JCR-VIS Inaugurates New Office Building in Lahore

In order to further augment its services to clients in Lahore and adjoining areas, JCR-VIS inaugurated its new office premises in the Phase II, DHA area of Lahore. Our offices can be reached at +92-42-35723411-13. Click here for direction map.

IIRA Announces Rating Review on Turkey

Following the attempted coup on July 15th, 2016, IIRA has reviewed recent developments in Turkey. Although a full scale rating surveillance is still underway, IIRA has determined that all sovereign indicators remain in the range of the current rating with the foreign currency ratings outstanding at BBB-/A3 and local currency ratings outstanding at BBB/A3. This rating had been assigned to the Republic of Turkey in March 2015. No immediate impact on the credit quality of the financial sector is expected, despite actions taken by the Turkish government, including the imposition of 'State of Emergency". Click here for details.

Head Office: VIS House, 128/C, 25th Lane Off Khayaban-e-Ittehad, Phase VII, DHA, Karachi

Lahore Office: VIS House, 431, Block Q Commercial Area, Phase II, DHA