In view of recent negotiations regarding the planned acquisition of a substantial stake in MyBank Limited (ML) by a new group of investors, Pakistan Credit Rating Agency (Pacra) has placed ratings of ML on rating watch. The long-term and short-term rating of A (Single A) and A1 (A One) of ML will remain on rating watch till the completion of the said transaction.
Thereafter, the ratings will be reviewed taking into account the new shareholding structure and other implication of this change.-PR
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