Financial Institutions

Micro Finance

Name Date Rating Type Long Term Short Term Outlook Action
Advans Pakistan Microfinance Bank Ltd 4/28/2023 Entity
BBB Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-3 Stable Downgrade
CSC Empowerment & Inclusion Programme (MFI) 2/22/2024 Entity
BBB- Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-3 Stable Initial
FINCA Microfinance Bank Limited 12/16/2022 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Negative Downgrade
HBL Microfinance Bank Limited (Formerly:The First MicroFinanceBank Limited) 4/28/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
Khushhali Microfinance Bank Limited 4/28/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Rating Watch - Negative Downgrade
Khushhali Microfinance Bank Limited 8/18/2023 TFC-1
B Obligations deemed less likely to be met. Protection factors are capable of fluctuating widely if changes occur in the economy. Overall quality may move up or down frequently within this category or into higher or lower rating grade.
Rating Watch - Negative Harmonised
Khushhali Microfinance Bank Limited 8/18/2023 TFC-2
B Obligations deemed less likely to be met. Protection factors are capable of fluctuating widely if changes occur in the economy. Overall quality may move up or down frequently within this category or into higher or lower rating grade.
Rating Watch - Negative Harmonised
LOLC Microfinance Bank Limited (Formerly: Pak Oman Microfinance Bank Limited) 4/28/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Negative Maintained
Mobilink Microfinance Bank Limited 5/8/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Initial
NRSP Micro Finance Bank Ltd 4/27/2023 Entity
BBB+ Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2 Rating Watch - Developing Downgrade
Rural Community Development Programs 4/26/2023 Entity
BBB Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-3 Stable Reaffirmed
U Microfinance Bank Limited 4/28/2023 TFC-1
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Reaffirmed
U Microfinance Bank Limited 4/28/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
U Microfinance Bank Limited 4/28/2023 TFC-2
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Reaffirmed