PACRA suspends entity ratings of SME Bank due to non-availability of updated information

By MG News | May 10, 2019 at 09:54 AM GMT+05:00

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May 10, 2019 (MLN): Pakistan Credit Rating Agency (PACRA) has suspended the entity ratings of ‘CCC/B’ (Triple C/B) assigned to SME Bank Limited due to non-availability of updated information.

As per PACRA, no financial statements of the bank are available after the period ended Sep’2018. Once required information is available, PACRA would update the ratings, after following the due process.

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