The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Standard Chartered Modaraba (SCM) at "AA+" (Double A plus) and "A1+" (A one plus) for the long-term and short-term, respectively. The ratings indicate low expectation of credit risk and very strong capacity for timely payment of financial commitments.
The ratings reflect SCM's demonstrated ability to restrict infection in its finances portfolio despite volatile macroeconomic fundamentals of the country. This is attributable to SCM's rigorous loan approval process and effective post disbursement monitoring. The Modaraba, apart from an established franchise among retail depositors, enjoys association with a robust financial institution - Standard Chartered Bank (Pakistan) Limited - which remains a key rating factor.-PR