Dawn News

02 March, 2015 / 11 Jamadi-ul-Awwal, 1436
e-paper

Rating

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).


Email news tips and feedback to News Desk, submit blogs to Blog Desk and share photos and Videos with Special Projects Desk.

More From This Section

Warehouse receipt system

The borrowers — farmers and/or commodity processors — and banks will enter into an agreement and the

Comments (0) Closed