KARACHI, July 12: JCR-VIS Rating Company Limited has assigned a 'preliminary' medium- to long-term rating of 'AA-' (double A minus) with a 'stable' outlook to the proposed issue of unsecured, subordinated and listed term finance certificates (TFCs) of Faysal Bank Limited (FBL). JCR-VIS has also reaffirmed the entity ratings at AA/A-1+ with a 'stable' outlook.—APP
