Pakistan Credit Rating Agency maintains Entity Ratings of JS Global Capital Limited

Lahore, December 28, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of JS Global Capital Limited (JSGCL) at “AA” (Double A) and “A1+” (A One plus) respectively. The ratings denote a very low expectation of credit risk emanating from very strong capacity for timely payment of financial commitments.

The ratings reflect strong risk absorption capacity of the company owing to its sound capital structure and healthy liquidity profile. Although JSGCL’s system share has faced some restrain, it depicts good mix of foreign, institutional, and retail investor. Moreover, increasing proportion of retail customers adds strength to the business volumes. Additionally, availability of surplus funds and ensuing income provides a cushion against inherent volatility in brokerage business.

The ratings recognize JSGCL’s association with JS Group, whereby JSBL has now become the majority shareholder, adding an additional tier of vigilance. Furthermore, the company has a policy of not engaging in proprietary trading, which provides support to overall risk profile of the company.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

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