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Business

May 18, 2018

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SBP renews JCR-VIS, PACRA status

KARACHI: The central bank on Thursday renewed the status of both the credit rating agencies operating in Pakistan, JCR-VIS Credit Rating Company Limited (JCR-VIS) and The Pakistan Credit Rating Agency Limited (PACRA), as eligible External Credit Assessment Institutions (ECAIs) for the calendar year 2018, a statement said. Banks and development finance institutions using the standardised approach of Basel framework are allowed to use credit ratings assigned by JCR-VIS and PACRA for capital adequacy ratio calculation purposes, it added.

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