LAHORE, June 26: The Pakistan Credit Rating Agency (Pacra) has upgraded the long-term entity rating of First Women Bank Limited (FWBL) to “A-” from “BBB+”, while maintaining the short-term entity rating at “A2”.
These ratings denote a low expectation of credit risk while the capacity for timely payment of financial commitments is considered strong, a press release said. The ratings reflect recent change in the ownership structure of the bank wherein the Government of Pakistan (GoP) has become major shareholder (60pc).
Dear visitor, the comments section is undergoing an overhaul and will return soon.