KARACHI: VIS Credit Rating Company Limited (VIS) has upgraded the medium to long term entity ratings of NRSP Microfinance Bank to A- (Single A Minus) from BBB+ (Triple B Plus) while the short term has been maintained at ‘A-2’ (A-Two). Medium to long term rating of A- indicates good credit quality.

Liquidity factors and company fundamentals are sound. VIS has also improved Outlook to ‘Stable’ from previous outlook of ‘Rating Watch – Developing’. VIS announced the upgraded rating action on April 27, 2023.