Pacra maintains MCB Bank ratings

The Pakistan credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of MCB Bank Limited at "AA+" (Double A plus) and "A1+" (A one plus) respectively.
Meanwhile, the unsecured subordinated TFC issue has been assigned short-term rating of "A1+" (A One plus), pending its full redemption in February 2008. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
The ratings reflect bank's demonstrated ability to maintain its robust performance, an outcome of the management's well-conceived business strategy of focusing on efficient utilisation of its resources.-PR