Press Release

JCR-VIS assigns Management Quality Rating of AM3+ to Pak Oman Asset Management Limited
 

Karachi, April 27, 2009: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned MQ rating of ‘AM3+’ (AM-Three Plus) to Pak-Oman Asset Management Limited (POAML).

POAML saw its fund family grow to five funds with the launch of three new funds in October 2008. The fund family of the asset management company includes conventional and Islamic equity, income and asset allocation funds. With the company now having a broader range of product offering, strategic focus has been placed upon enhancing outreach and penetration within the funds under management. Ratings are currently faced with downward pressure and future trends with respect to growth in investor base and performance of funds under management will be keenly monitored by JCR-VIS. The sponsors of the AMC are also committed to provide enhanced level of support to the AMC and funds under management.

For further information on these rating announcements, please contact Mr. Safdar Kazi (Ext: 501) or Ms. Sobia Maqbool (Ext: 506) at 5311861/5311862/5311863 or fax to 5311873.



Faheem Ahmad
President & CEO

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Information herein was obtained from sources believed to be accurate and reliable; however, JCR-VIS Credit Rating Company Limited (JCR-VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. JCR-VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. JCR-VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings. JCR-VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2009 JCR-VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to JCR-VIS.

JCR-VIS Credit Rating Company Limited