JCR-VIS reaffirms broker management rating of Topline Securities, acknowledges strong HR and IT services

By MG News | February 07, 2019 at 09:50 AM GMT+05:00

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February 7, 2019 (MLN): JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Broker Management Rating of Topline Securities Limited (TSPL) at ‘BMR2’ while the outlook on assigned rating is ‘Stable’.

According to the rating company, the rating signifies strong HR & IT services; sound external control and risk management along with adequate regulatory compliance levels, internal control framework, client relationship and financial management.

“The rating continues to factor in TSPL’s adequate compliance to regulations and board level governance; however; constitution of Board level Risk Management Committee would further add to corporate governance standards,” opines JCR-VIS in an official press release on the occasion.

Going forward, diversification in revenue streams is expected given corporate finance & advisory service pipeline.

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