VIS harmonizes Summit Bank TCF ratings to "B" from "D"
MG News | July 12, 2023 at 03:09 PM GMT+05:00
July 12, 2023 (MLN): The VIS Credit Rating Company Limited (VIS) has harmonized the ratings of the Tier-2 Term Finance Certificate (TCF) of Summit Bank Limited (PSX: SMBL) at "B" from the previous rating of "D", latest press issued by VIS showed.
Outlook on the instrument rating has been placed on ‘Rating Watch-Negative’.
VIS has issued a new rating scale for hybrid Tier-1 and Tier-2 capital instruments issued by Banks under Basel III guidelines as implemented by SBP.
The rating scale captures the peculiar characteristics of the hybrid instruments in relation to their conversion/write-down features.
Copyright Mettis Link News
Related News
_20260210052804061_e015b9.webp?width=280&height=140&format=Webp)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 182,371.35 228.97M | 0.02% 30.97 |
| ALLSHR | 109,778.49 387.49M | -0.06% -69.17 |
| KSE30 | 55,725.79 30.10M | 0.05% 30.51 |
| KMI30 | 257,483.59 113.59M | 0.38% 984.28 |
| KMIALLSHR | 70,685.73 233.38M | 0.14% 101.86 |
| BKTi | 52,721.75 13.34M | -0.92% -489.45 |
| OGTi | 36,649.74 4.62M | 0.11% 39.06 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 69,130.00 | 70,740.00 68,835.00 | -1815.00 -2.56% |
| BRENT CRUDE | 69.14 | 69.20 68.44 | 0.10 0.14% |
| RICHARDS BAY COAL MONTHLY | 96.00 | 0.00 0.00 | 0.60 0.63% |
| ROTTERDAM COAL MONTHLY | 102.25 | 102.25 101.45 | -0.60 -0.58% |
| USD RBD PALM OLEIN | 1,071.50 | 1,071.50 1,071.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 64.38 | 64.50 63.87 | 0.02 0.03% |
| SUGAR #11 WORLD | 14.31 | 14.53 14.15 | 0.20 1.42% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()