Press Release

Ratings of NBP Leasing Limited

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
Deputy CEO

Applicable Rating Criteria: Non-Bank Financial Companies

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 2015 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