KARACHI: The Pakistan Credit Rating Agency Limited (“PACRA”) has maintained Soneri Bank Limited’s long-term rating of “AA-“(double A minus) and a short-term rating of “A1+” (single A one plus), a statement said on Tuesday.
The statement said the PACRA also preserved the rating of unsecured, sub-ordinated and listed Term Finance Certificates (2nd issue) of PKR 3,000 million at A+ (single A plus).
The above rating is a function of bank's ability to maintain its market position in the banking industry while strengthening its overall risk profile with stable outlook.
Pakistani laborers sort potatoes at a vegetable market in Karachi. — AFP/FileISLAMABAD: Pakistan, recognised as one...
The Karachi Chamber of Commerce & Industry building. — Facebook/Kcciofficial/File KARACHI: The Karachi Chamber of...
Silver rates remained unchanged at Rs2,580 per tola
The BoJ last week raised interest rates for the first time since 2007 and ditched its controversial negative interest...
The rupee, which was declining on a daily basis against the dollar, started recovering rapidly from over Rs320 to Rs270
Announcement was made by Askar Sydykov, Director of IBC, during discussions with a Pakistani trade delegation led by...