PACRA upgrades entity ratings of BIPL

By MG News | June 27, 2023 at 01:33 PM GMT+05:00

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June 27, 2023 (MLN): Pakistan Credit Rating Agency Limited (PACRA) has updated the entity ratings of BankIslami Pakistan Limited (PSX: BIPL) from "A+" to "AA-" for the long-term and "A1" for the short-term with a developing outlook forecast, bank’s filing on PSX revealed today.

BIPL is a well reputed bank in Pakistan and is principally engaged in corporate, commercial, consumer, retail banking and investment activities.

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