JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of AAA (Triple A) and short-term rating of A-1+ (A one Plus) assigned to Pakistan Security Printing Corporation (Pvt) Ltd (PSPC).
The rating take into account PSPC's strategic position as the sole printer and supplier of the local banknotes to the State Bank of Pakistan, being wholly owned by the Government of Pakistan. We have noted the successful commissioning of the new equipment incorporating advanced printing technology with the initial cost and time frame budgeted by the management.-PR