The Pakistan Credit Rating Agency (Pacra) has maintained the long-term rating of AAA (Triple A), and the short-term rating of A1+ (A One Plus) of Standard Chartered Bank Pakistan Limited (SCBP). The bank's three listed, subordinated taxpayer facilitation centres (TFCs) are also assigned AAA rating.
These ratings denote the lowest expectation of credit risk emanating from an exceptionally strong capacity for timely payment of financial commitments.
The ratings reflect the bank's strong financial profile, a leading market position and quality management team. The ratings also recognise the sound financial strength and international profile of the parent - Standard Chartered Bank (SCB) - in the banking industry. SCBP being an important player in the SCB group, benefits from the technical resources and cumulative expertise developed at the group level.-PR