Press Release

JCR-VIS Withdraws Instrument Rating of Askari Bank Limited

Karachi, July 09, 2018: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn instrument rating of ‘AA-’ (Double A Minus) assigned to Askari Bank Limited’s (AKBL) - 4th (fourth) Issue of Term Finance Certificate (TFC-IV) - with immediate effect. The bank exercised the inbuilt Call Option with early redemption of the said instrument after approval from the State Bank of Pakistan.

For further information on this rating announcement, please contact the undersigned at 021-35311861-70 or Mr. Maimoon Rasheed at 042-35723411-13.



Atiq Anwar Mahmudi
Advisor

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