State Bank renews eligible external credit assessment institutions status of VIS and PACRA

MG News | May 28, 2019 at 04:00 PM GMT+05:00

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May 28, 2019 (MLN): State Bank of Pakistan 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 for the calendar year 2019.

In a press release the State Bank of Pakistan said "Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for capital adequacy ratio (CAR) calculation purposes."

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