LAHORE, July 8: Pakistan Credit Rating Agency (Pacra) has maintained long-term rating of Prime Commercial Bank Limited at “A” (single A) and short-term rating at “A1” (single A one).

A Pacra announcement said on Tuesday the ratings denoted a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments. The ratings are applicable to senior unsecured creditors (depositors) of the bank.

The ratings, according to the announcement, reflected the bank’s largely maintained risk profile and performance level. The ratings also factor in improved year-on-year growth with increasing outreach but maintained relative positioning among peers.