Karachi, November 25, 2015: JCR-VIS Credit Rating Company Limited (JCR-VIS) has placed the entity ratings of ‘A+/A-1’ (Single A Plus/A-One) assigned to NBP Leasing Limited (NBPL), under ‘Rating Watch Developing’ status in view of potential merger between NBPL with and into National Bank of Pakistan subject to approval of shareholders, State Bank of Pakistan and Securities and Exchange Commission of Pakistan. The previous rating action was announced on June 19, 2015.
For further information on this rating announcement, please contact Mr. Javed Callea (Ext: 501) or the undersigned (Ext: 517) at 35311861-70 or fax to 35311872-3.
Jamal Abbas Zaidi
Applicable Rating Criteria: Non-Bank Financial Companies
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