Press Release

JCR-VIS Reviews and Reaffirms Entity and PPTFC Ratings of NRSP Microfinance Bank Limited

Karachi, October 30, 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has performed the mid-year review and reaffirmed the entity ratings of NRSP Microfinance Bank Limited (NRSPB) at ‘A/A-1’ (Single A /A-One). The rating of Privately Placed Term Finance Certificate (PPTFC) has also been reaffirmed at ‘A’ (Single A). Outlook on the assigned ratings is ‘Stable’. The previous rating action on Entity and PPTFC rating was announced on April 28, 2017.


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


Jamal Abbas Zaidi
Advisor

Applicable Rating Criteria:
Microfinance Banks (June 2016) (http://www.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 30, 2017 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.