Press Release
VIS Assigns Initial Fund Stability Rating to UBL Liquidity Fund
Karachi, December 17, 2025: VIS Credit Rating Company Limited (VIS) has assigned the initial Fund Stability Rating (FSR) of ‘AA+ (f)’ (Double A Plus (f)) to UBL Liquidity Fund (‘ULF’ or ‘the Fund’). The medium to long-term rating of ‘AA+ (f)’ denotes high degree of stability in Net Assets Value. Risk is modest but may vary slightly from time to time because of changing economic conditions.
ULF, a newly launched fund introduced on September 01, 2025, aims to offer competitive returns through a portfolio of low-risk, highly liquid investments. As a fresh entrant in the market, the Fund began with an initial size of PKR 17,660m in September 2025. Its assigned rating reflects the Fund’s planned high credit quality, with nearly all early placements made in AAA-rated banks and DFIs. Sustaining this credit quality will be essential as the Fund grows. The liquidity profile is sound at this early stage, supported by allocations to readily marketable, liquid assets. In terms of initial performance, the Fund has demonstrated promise—its returns in the first two months exceeded the peer average, though they trailed the monthly benchmark.
For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk
Applicable Rating Criteria: Fund Stability Ratings
https://docs.vis.com.pk/Methodologies-2025/FSR-Methodology-Jan-2025.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf