SBP renews credit rating companies’ status
KARACHI: The State Bank of Pakistan (SBP) has 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 / recognised External Credit Assessment Institutions (ECAIs) for the calendar year 2015, a statement
By our correspondents
April 18, 2015
KARACHI: The State Bank of Pakistan (SBP) has 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 / recognised External Credit Assessment Institutions (ECAIs) for the calendar year 2015, a statement said on Friday.
Banks and Development Finance Institutions using the standardised approach of Basel framework are allowed to use credit ratings assigned by the JCR-VIS Credit Rating Agency and Pakistan Credit Rating Agency for CAR calculations, it said.
Banks and Development Finance Institutions using the standardised approach of Basel framework are allowed to use credit ratings assigned by the JCR-VIS Credit Rating Agency and Pakistan Credit Rating Agency for CAR calculations, it said.
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