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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, December 30, 2011: JCR-VIS Credit Rating Company Limited has assigned Fund Stability Rating (FSR) of 'AA(f)' (Double A (f)) to HBL Islamic Money Market Fund (HBL IMMF) launched by HBL Asset Management Limited.
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Karachi, December 30, 2011: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Fund Stability Rating of HBL Income fund (HBLIF) at A(f).
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Karachi, December 30, 2011: JCR-VIS Credit Rating Company Limited has maintained the Insurer Financial Strength Rating of Alpha Insurance Company Limited (AICL) at ‘A’ (Single A). Outlook on the assigned rating has been revised to ‘Negative’.
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Karachi, December 30, 2011: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the IFS rating of Pak Qatar Family Takaful Limited (PQFTL) at 'A - ' (Single A Minus). Outlook on the rating remains 'Positive'.
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Karachi, December 29, 2011: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength ( IFS ) rating of Reliance Insurance Company Limited (RICL) at 'A - ' (Single A Minus). Outlook on the assigned rating is 'Stable'. The rating denotes high capacity to meet policy holder and contract obligations. Risk factors may vary over time due to business/ economic conditions.
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Karachi, December 29, 2011: JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength ( IFS ) Rating of Jubilee Life Insurance Company Ltd - (JLI) (formerly New Jubilee Life Insurance Company Limited) at 'AA-' (Double A Minus). Outlook on the assigned rating is Stable.