Press Release

JCR-VIS Reviews and Reaffirms Entity Ratings of Telenor Microfinance Bank Limited (Formerly Tameer Micro Finance Bank Ltd)

Karachi, October 31, 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reviewed and reaffirmed the entity ratings of ‘A+/A-1’ (Single A Plus/A-One) assigned to Telenor Microfinance Bank Limited (TMBL) (Formerly Tameer Micro Finance Bank Ltd). Outlook on the assigned ratings is ‘Stable’. The previous rating action was announced on April 28, 2017.

For further information on this rating announcement, please contact the undersigned (Ext: 207) or Mr. Javed Callea (Ext: 201) at (021)35311861-70 or fax to (021)35311872-3.



Jamal Abbas Zaidi
Advisor


Applicable rating criteria: Microfinance Institutions (May 2016)
http://jcrvis.com.pk/kc-meth.aspx

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright October 31, 2017 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.