State Bank renews status of External Credit Assessment Institutions

Karachi: State Bank of Pakistan SBP has renewed status of External Credit Assessment Institutions ECAIs of both credit rating agencies M/s JCR-VIS Credit Rating Company Limited and The Pakistan Credit Rating Agency Limited operating in country for the calendar year 2012.

It may be pointed out that Standardized approach of credit risk under Basel-II requires banks/ DFIs to use credit ratings assigned by recognized ECAIs for the purpose of calculation of required capital.

Leave a Reply