JCR-VIS assigns initial BMR to AKD Securities

KARACHI: JCR-VCR Credit Rating Company Limited has assigned initial Broker Management Rating of BMR2++ to AKD Securities Limited.

The outlook on the assigned rating is stable, said press release here on Wednesday.

The rating signifies regulatory compliance level and client relationship to be robust. Human Resources and Information Technology services, internal and external control environment are considered sound internal compliance, risk management framework and financial management are adequate.