The primary function of PACRA is to
evaluate the capacity and willingness of a corporate entity to honor
its debt obligations. PACRA ratings reflect an independent,
professional and impartial assessment of the credit risk associated
with a particular debt instrument or a corporate entity. By
providing a measurement of risk, PACRA's ratings facilitate
investors in making prudent investment decisions after determining
the acceptable rate of return at the given risk level. However,
regardless of the type of rating, it is not a recommendation to
purchase, sell or hold a security, in as much as it does not comment
on the security's market price or suitability for a particular
investor.
May 10, 2011: The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term
entity ratings of Trust Investment Bank Limited (TIBL) to 'BBB' (Triple B -
Positive Outlook) while maintaining the short term entity ratings at 'A3' (A
Three). Meanwhile the rating of TFC-III (PKR 600mln) has been maintained at
'BBB' (Triple B). These ratings indicate that there is currently low expectation
of credit risk.