VIS upgrades entity ratings of Meezan Bank Limited to AAA/A-1+ zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
KARACHI: VIS Credit Rating Company Ltd has upgraded the entity ratings of Meezan Bank Ltd to ‘AAA/A-1+’ from ‘AA+/A-1+’. The outlook on the assigned ratings is stable, said a press release.
The medium- to long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of Government of Pakistan (GoP).
The short-term rating of ‘A-1+’ denotes highest certainty of timely payment, liquidity factors are outstanding and safety is just below risk-free short-term obligations of GoP.
Finnish Fund to invest in TPL Insurance
TPL Insurance Ltd, a subsidiary of TPL Corp Ltd, on Thursday announced that Finnish Fund for Industrial Cooperation Ltd Finnfund, a major development financier and impact investor, has entered into a letter of intent with it.
KARACHI: A day after the ruthless bloodbath at the stock market that had seen the index in deep red, the bulls made a strong comeback on Tuesday to drive out the bears from almost all sectors.
The KSE-100 index flew to intraday high by 506 points. It closed up by 135 points, or 0.29 per cent, at 47,138.
In early trade, investors took heart and were encouraged to buy at attractive levels as the traders were unanimous in the belief that the Federal Budget 2021-22 would sail through the lower house of parliament. The National Assembly passed the budget for the new fiscal year late afternoon by a majority vote after the speaker put it to voice vote.
Jazz gets Rs50bn credit line - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.