Press Release

JCR-VIS withdraws rating of the proposed subordinated term finance certificates of Saudi Pak Commercial Bank
 

Karachi, December 1, 2006: JCR-VIS Credit Rating Co Ltd. has withdrawn the ‘Preliminary’ rating of ‘A-’ (Single A Minus) with a ‘Negative’ outlook assigned to the proposed subordinated term finance certificates (TFCs) of Saudi Pak Commercial Bank due to the bank’s decision to defer issuance of the TFCs.

For further information on this rating announcement, please contact the undersigned (Ext: 221) or Ms Sabeen Saleem (Ext: 222) at 5671822/5671833/5680996 or fax to 5681105/5671600.



Safdar Kazi
Advisor

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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 2006 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