Press Release

JCR-VIS Harmonizes Fund Stability Rating of BMA Empress Cash Fund

Karachi, April 02, 2012: JCR-VIS Credit Rating Company Limited has harmonized the fund stability rating (FSR) of BMA Empress Cash Fund (BECF) at ‘AA+(f)’ (Double A Plus(f)).

The investment policy mandates minimum exposure of 50% to government securities, depicting lower exposure to credit risk. At end-February 2012, asset allocation was aligned with investment policy whereby at least 51% of the fund comprised investment in ‘AAA’ rated exposures. Actual fund duration at end-February 2012 was 28 days, in conformity with the investment policy of the fund, which envisages maximum duration of 60 days.

For further information on this rating announcement, please contact Mr. Javed Callea (Ext: 501) or Ms. Sobia Maqbool, CFA (Ext: 506) at 021-35311861-70 or fax to 021-35311872-3.




Jamal Abbas Zaidi
Deputy CEO

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 April 02, 2012 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.