- JCR-VIS Trains Senior Army Officers in Financial Management
- JCR-VIS represented on the board of ACRAA
- Rating Transitions & Default Studies
- Rating Reports
- Summary of Rating Actions
- Presentations & Speeches by JCR-VIS
Resource Center

More

Sector Updates

Methodology Update: Fund Stability Ratings (February, 2012)

JCR-VIS has revised its Fund Stability Ratings criteria. The key change in the methodology pertains to interest rate sensitivity of a fund at different rating grades. In view of this change, all else equal, a fund with target duration of… More...


Methodology for Bank Loan Ratings (December, 2011)

Bank Loan Ratings (BLRs) are aimed at enhancing the liquidity and transparency of the bank loan market. BLRs incorporate the underlying credit risk of the borrower and the support provided by the collateral and covenants package, which improve the recovery prospects of specific financings. A BLR combines… More...


Methodology for Fiduciary Ratings (April, 2011)

Under a technical collaboration agreement with Islamic Internal Rating Agency (IIRA), JCR-VIS, together with Malaysian Rating Corporation has developed and launched the ‘Fiduciary Ratings’ methodology. Fiduciary Ratings truly reflect the spirit of Islamic finance by capturing the element of Mudarib quality, institutional governance and compliance with Shari’ah principles adopted by the bank. More...


Rating Reflections (Newsletters & Special Reports)

More

Amtex Limited – Sukuk Issue of Rs. 650 million (April, 2011)

On January 3, 2011, JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) assigned ‘D’ rating to the five year privately placed Sukuk of Rs. 650m, issued by Amtex Limited (Amtex) on account of non-payment of its latest installment due. More...


Wateen Telecom Limited – Entity (April, 2011)

On October 15, 2010, JCR-VIS Credit Rating Company Limited (JCR-VIS) revised the entity ratings of Wateen Telecom Limited from ‘A/A-2’ (Single A/A-Two) to ‘D’ in view of overdue payments against some outstanding obligations.. More...


Invest Capital Investment Bank Limited (April, 2011)

Rating of Investment Capital Investment Bank Limited (Invest Bank) has been outstanding with JCR-VIS Credit Rating Company Limited (JCR-VIS) since June 19, 2008. Given the merger of Al Zamin Leasing Modaraba (AZLM) and Al Zamin Leasing Corporation Limited (AZLC) with and into Invest Bank in 2010, all liabilities of AZLM and AZLC, including the outstanding instruments were assigned to Invest Bank.. More...


 

 Recent Announcements 

   Ratings/Action    

Sapphire Textile Mills Limited
2/1/2012  Entity
Press Release / History
  A   A-2 Reaffirmed
OUTLOOK   Stable
Muhammad Shafi Tanneries Pvt. Ltd
2/1/2012  Entity
Press Release / History
  BBB+   A-3 Initial
OUTLOOK   Stable
First Credit and Investment Bank Ltd.
1/31/2012  Entity
Press Release / History
  A-   A-2 Maintained
OUTLOOK   Negative
Nishat (Chunian) Limited
1/27/2012  Entity
Press Release / History
  A-   A-2 Initial
OUTLOOK   Stable
1/27/2012  TFC-1
Press Release / History
  A   Downgrade
OUTLOOK   Stable
Gujranwala Food Industries (Pvt) Ltd
1/26/2012  Entity
Press Release / History
    Withdrawn
OUTLOOK  
Faysal Asset Management Ltd
1/20/2012  Management Quality
Press Release / History
  AM2-   Rating Watch-Developing
OUTLOOK  
East West Insurance Co. Ltd
1/18/2012  IFS
Press Release / History
  BBB+   Downgrade
OUTLOOK   Stable
JS Investments Limited
1/11/2012  Management Quality
Press Release / History
  AM2-   Reaffirmed
OUTLOOK   Stable
ABL Islamic Income Fund
1/10/2012  Fund Stability
Press Release / History
  A+(f)   Reaffirmed
OUTLOOK  
Sigma Leasing Corporation Limited
1/9/2012  Entity
Press Release / History
    Withdrawn
OUTLOOK