KARACHI, May 21: The JCR-VIS Credit Rating Company Limited (JCR-VIS) has announced that the entity ratings of BBB/A-2 (Triple B plus/A-Two) and the ratings of A- (single A minus) assigned to the Crescent Leasing Corporation Limited on its outstanding TFC-2 and TFC-3 continue to be placed under ratings watch–Developing status. The ratings of the firm were placed on Rating Watch in June 2006, says a press release.

KARACHI, May 21: The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term and short-term entity ratings of Mybank Limited to A (single A) and the A1 (A one), respectively.

The ratings denote low expectations of credit risk emanating from a strong capacity for timely payment of financial commitments, says a press release.