Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

JCR-VIS reaffirms entity ratings of Pak-China Investment Company

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KARACHI : JCR-VIS Credit Rating Company Limited has re-affirmed the entity ratings of Pak-China Investment Company Limited (PCICL) at triple A/A-One plus.

The outlook on the assigned ratings is stable. The previous ratingaction was announced on June 30, 2017, said a press release on Wednesday.

The assigned ratings of PCICL incorporate implicit support of its two sovereign sponsors, Government of Pakistan and People's Republic of China, with equal shareholding held through Ministry of Finance and China Development Bank.

The ratings also took into account strong capitalisation, sound liquidity, conservative risk appetite of the company and efforts of the senior management to implement shareholders' strategic goals and vision. (APP)

Posted on: 2018-06-21T09:27:00+05:00