State Bank of Pakistan has granted Atlas Bank Ltd an extension till March 31 2010, to meet the MCR and Capital Adequacy Ratio (Car). Atlas Bank has been assigned a long-term rating of "A-" (A minus) and a short-term rating of "A2" (A Two) by the Pakistan Credit Rating Agency (Pacra). These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of the financial commitments.
-PR