News Column

Pacra assigns credit ratings to BoP

July 17, 2014

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of The Bank of Punjab (BoP) at ‘AA-‘ (Double A minus) and ‘A1+’ (A one plus), respectively. The ratings denote a very low expectation of credit risk and indicate very strong capacity for timely payment of financial commitments.

The ratings primarily reflect association of the bank with the Government of Punjab (GoPb) as majority shareholder, which has demonstrated continued commitment and support in the dire need.

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Source: Nation (Pakistan)

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