JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a ‘AAA’ rating. These ratings represent an entity’s ability to meet its domestic obligations in the local currency.
Company Name Rating Type Rating Date Medium to Long Term Outlook Short Term Rating Action File
Commercial Bank
AlBaraka Islamic Bank B.S.C (C)- Pakistan Entity 6/29/2010 A Stable A-1 Reaffirmed Press Release / History
Allied Bank Ltd. (Formerly Allied Bank of Pakistan Ltd) TFC-1 7/2/2009 AA- Stable Reaffirmed Press Release / History
Allied Bank Ltd. (Formerly Allied Bank of Pakistan Ltd) TFC-2 7/22/2008 A+ Stable Withdrawn Press Release / History
Arif Habib Bank Limited. Entity 6/29/2010 A Rating Watch - Developing A-2 Reaffirmed Press Release / History
Atlas Bank Limited Entity 7/5/2010 Withdrawn Press Release / History
Dawood Islamic Bank Limited Entity 6/29/2010 BBB+ Stable A-3 Downgrade Press Release / History
Dubai Islamic Bank Pakistan Ltd. Entity 6/25/2010 A Stable A-1 Reaffirmed Press Release / History
Faysal Bank Limited Entity 6/1/2010 AA A-1+ Rating Watch-Developing Press Release / History
Faysal Bank Limited TFC-1 6/1/2010 AA- Rating Watch-Developing Press Release / History
Faysal Bank Limited TFC-2 6/24/2010 AA- Rating Watch - Developing Preliminary Press Release / History
Habib Bank Limited Entity 6/29/2010 AA+ Stable A-1+ Reaffirmed Press Release / History
Meezan Bank Limited Entity 5/18/2010 AA- Stable A-1 Upgrade Press Release / History
National Bank of Pakistan Entity 6/28/2010 AAA Stable A-1+ Reaffirmed Press Release / History
Oman International Bank S.A.O.G. (Pakistan Branches) Entity 6/29/2010 BBB Stable A-2 Reaffirmed Press Release / History
Samba Bank Limited Entity 6/29/2010 A Stable A-1 Reaffirmed Press Release / History
Silkbank Limited. (Formerly Saudi Pak Commercial Bank Ltd) Entity 7/31/2009 A- A-3 Rating Watch-Developing Press Release / History
SME Bank Ltd Entity 6/29/2010 BBB Negative A-3 Reaffirmed Press Release / History
Standard Chartered Bank (Pakistan) Ltd. Entity 6/29/2010 Withdrawn Press Release / History
Standard Chartered Bank (Pakistan) Ltd. TFC-2 6/29/2009 AA Stable Reaffirmed Press Release / History
Standard Chartered Bank (Pakistan) Ltd. TFC-3 6/29/2009 AA Stable Reaffirmed Press Release / History
The Bank of Khyber Entity 6/29/2010 BBB+ Positive A-3 Maintained Press Release / History
The Punjab Provincial Co-operative Bank Ltd. Entity 3/26/2009 CCC Rating Watch - Developing C Withdrawn Press Release / History
United Bank Limited Entity 6/24/2010 AA+ Stable A-1+ Reaffirmed Press Release / History
United Bank Limited TFC-1 6/24/2010 AA Stable Reaffirmed Press Release / History
United Bank Limited TFC-2 6/24/2010 AA Stable Reaffirmed Press Release / History
United Bank Limited TFC-3 6/24/2010 AA Stable Reaffirmed Press Release / History
United Bank Limited TFC 4 6/24/2010 AA Stable Reaffirmed Press Release / History

 

* 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.