Meezan Bank's entity ratings reaffirmed to AAA/A-1+ by VIS Credit Rating Company dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
VIS reaffirms DIP Pakistan ratings
July 10, 2021
KARACHI: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Dubai Islamic Bank Pakistan Limited at AA/A-1+ (Double A/A-One Plus), a statement said.
The rating assigned to the bank s Tier II Sukuk and Additional Tier-1 Sukuk has been reaffirmed at AA- (Double A Minus) and A+ (Single A Plus) respectively. Outlook on the assigned ratings is Stable . The previous entity rating action was announced on June 30, 2020.
“The assigned ratings incorporate a strong financial profile and track record of demonstrated support of the sponsor, Dubai Islamic Bank PJSC, UAE, the bank said in a statement. “Subsequent to its acquisition of Noor Bank, DIB has established itself as one of the two largest Islamic Banking Institutions in the world.”
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.