Ratings of National Bank of Pakistan Leasing Limited

Karachi, November 25, 2015 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has placed the entity ratings of ‘A+/A-1’ (Single A Plus/A-One) assigned to NBP Leasing Limited (NBPL), under ‘Rating Watch Developing’ status in view of potential merger between NBPL with and into National Bank of Pakistan subject to approval of shareholders, State Bank of Pakistan and Securities and Exchange Commission of Pakistan. The previous rating action was announced on June 19, 2015.

For more information, contact:
Ms. Sobia Maqbool
CFA
JCR-VIS Credit Rating Company Limited
VIS House, 128/C,
25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: sobia@jcrvis.com.pk