Lahore: The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Pak Brunei Investment Company Limited (PBIC) at “AA” (Double A) and “A1+” (A One Plus) respectively. These ratings indicate a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
The ratings reflect the joint ownership of PBIC by the Governments of Pakistan and Brunei, signifying strong sponsor support. The company maintains strong financial profile, characterized by low-leveraging, liquid investments portfolio, good asset quality, and improving profitability. The ratings recognize sound management structure and quality systems and controls. However, establishing diversified revenue streams while managing related risks in current economic environment would be challenging.