PACRA maintains IFS rating of SPI Insurance Company

MG News | December 07, 2018 at 03:30 PM GMT+05:00

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December 07, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the IFS rating of SPI Insurance Company Limited at ‘A’, with a ‘stable’ outlook forecast.

As per an official notice on the subject, PACRA has said that the rating reflects the strong business profile of the company.

They add that the rating is dependent on the management's ability to capitalize on its brand and group's well-built platform for business expansion.

“At the same time, the liquidity level must improve and consequent income stream should likewise go up; herein attrition beyond a requisite threshold would negatively impact”, opines the agency.

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