SBP renews status of VIS, PACRA as ECAIs

By MG News | June 15, 2022 at 04:34 PM GMT+05:00

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June 15, 2022: The State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions (ECAIs) for the calendar year 2022.

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

Press Release

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