KARACHI, July 4:  The JCR-VIS Credit Rating Company Limited has maintained medium to long-term entity rating of Burj Bank Limited at ‘A’, stated a press release.

The short-term rating of the bank has been upgraded from ‘A-2’ to ‘A-1’ (A-One) and outlook on the ratings is ‘stable’.

Ratings assigned to BURJ incorporate the strength arising from Islamic Corporation for Development of the Private Sector (ICD), now one of the largest shareholders and also the key driver of future business strategy.

JS Bank

KARACHI: The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of JS Bank Limited (JSBL) to “A+”, a press release stated.

This rating denotes a low expectation of credit risk, while the capacity for timely payment of financial commitments is considered strong. It also reflects the bank’s sound financial profile emanating from improving profitability, strong liquidity and supporting capital adequacy.