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

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SBP renews status of JCR-VIS and PACRA as eligible External Credit Assessment Institutions (ECAIs)

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State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “JCR-VIS Credit Rating Company Limited (JCR-VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible/ recognized External Credit Assessment Institutions (ECAIs) for the calendar year 2018. 

Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by JCR-VIS and PACRA for CAR calculation purposes. 

Posted on: 2018-05-17T14:03:00+05:00