SBP renews the status of JCR-VIS and PACRA

State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in Pakistan, namely; “JCR-VIS Credit Rating Company Limited (JCR-VIS)”, and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible/recognised External Credit Assessment Institutions (ECAIs) for the calendar year 2017.

Banks and DFIs using the standardised approach of Basel framework are allowed to use credit ratings assigned by JCR-VIS and PACRA for CAR calculation purposes.