Japan Credit Rating Agency gets NRSRO status
JCR-VIS to conduct international rating assignments

- Summary of Rating Announcements & Ratings Distribution
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History

Default on Obligations by Crescent Standard Investment Bank Ltd. - Comment (Jul 2007)

JCR-VIS Credit Rating Co. Ltd. had been rating Crescent Standard Investment Bank Limited till April 2006, when the assigned ratings were suspended due to the fact that in view of disclosures of concealment of material transactions, assets and liabilities in the books of account we reached the conclusion that sufficient reliable information was not available to us to be able to reach an opinion on the rating. More...


Small & Medium Enterprises – Rating Methodology (Mar 2007)

JCR-VIS Credit Rating Co Ltd. has prepared the first rating methodology for small & medium enterprises (SMEs) in Pakistan. This pioneering effort puts JCR-VIS and Pakistan in the forefront of global research in the newly developing field of SME ratings....... More...


MUTUAL FUNDS - Rating Methodology (Dec 2006)

Mutual funds are an effective tool for mobilizing resources from a large pool of investors and providing them wider access to capital markets,which might otherwise be difficult to achieve........ More...


CONSOLIDATED METHODOLOGY FOR  MUTUAL FUNDS  (Dec 2005)

Under a recent directive of the Securities & Exchange Commission of Pakistan (SECP), ratings have been made mandatory for all nonbanking finance companies (NBFCs) undertaking the business of Investment Advisory and Asset Management Services and the funds under management. In view of this....... More...


NON-BANK FINANCIAL COMPANIES   (Mar 2005)

Over the last many years, the non-bank financial sector has carved out a place for itself in Pakistan's financial market, even though a large portion of financial assets continue to be managed by commercial banks....... More...


Corporate Governance Survey  (Mar 2005)

JCR-VIS had launched its methodology for corporate governance ratings in June 2002 and subsequently announced our first such rating in January 2003. At the time we were among the first few rating agencies in the world to have developed the capability to offer such a service....... More...


 

 Recent Announcements 

   Ratings/Action    

Searle Pakistan Ltd
9/4/2008  TFC-1
Press Release / History
  A-    Rating Watch Removed
OUTLOOK   Stable
9/4/2008  Entity
Press Release / History
  BBB   A-3  Rating Watch Removed
OUTLOOK   Stable
Shahmurad Sugar Mills Ltd
9/4/2008  TFC-2
Press Release / History
  A-    Final
OUTLOOK   Stable
WE Investment Management Ltd.
9/3/2008  Management Quality
Press Release / History
  AM4+    -
OUTLOOK  
Takaful Pakistan Limited
8/28/2008  IFS
Press Release / History
  A-    Maintained
OUTLOOK   Negative
Security Leasing Corporation Ltd.
8/28/2008  Entity
Press Release / History
  A-   A-2  Maintained
OUTLOOK   Negative
Standard Chartered Leasing Limited
8/27/2008  Entity
Press Release / History
  A(p)    Reaffirmed
OUTLOOK  
ACE Insurance Ltd.
8/25/2008  IFS
Press Release / History
  A+    Reaffirmed
OUTLOOK   Stable
Saudi Pak Insurance Co. Ltd.
8/18/2008  IFS
Press Release / History
  A-    Upgrade
OUTLOOK   Stable
Engro Foods Ltd.
8/13/2008  TFC-1
Press Release / History
  A-    Preliminary
OUTLOOK   Stable
Security Investment Bank Ltd.
8/12/2008  Entity
Press Release / History
  A   A-2  Maintained
OUTLOOK   Stable
* These represent the standalone ratings assigned by JCR-VIS, without incorporating the effect of the sovereign guarantee, as laid   out in the Banks Nationalization Act of 1974.

 

   
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