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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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Karachi, January 2, 2012: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Insurer Financial Strength ( IFS ) rating of Askari General Insurance Company Limited (AGICO) at 'A' (Single A). The Outlook on the rating is 'Stable'.
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Karachi, January 2, 2012: JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength ( IFS ) Rating of EFU Life Assurance Ltd. (EFUL) at 'AA - ' (Double A Minus). Outlook on the assigned rating is Stable. The rating reflects very high capacity to meet policyholders' obligations.
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Karachi, January 02, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the Insurer Financial Strength ( IFS ) rating of The Pakistan General Insurance Company Limited (PGI) to 'BBB+' (Triple B Plus) from 'BBB' (Triple B). Outlook on the assigned rating is 'Stable'.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.