SBP re­news sta­tus of JCR-VIS, PACRA

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

KARACHI—State Bank of Pak­istan has re­newed the sta­tus of both credit rat­ing agen­cies op­er­at­ing in Pak­istan namely “JCR-VIS Credit Rat­ing Com­pany Lim­ited (JCR-VIS)” and “The Pak­istan Credit Rat­ing Agency Lim­ited (PACRA)” as el­i­gi­ble/ rec­og­nized Ex­ter­nal Credit As­sess­ment In­sti­tu­tions (ECAIs) for the cal­en­dar year 2016.

Banks and DFIs us­ing the stan­dard­ized ap­proach of Basel frame­work are al­lowed to use credit rat­ings as­signed by JCR-VIS and PACRA for CAR cal­cu­la­tion pur­poses.

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