Press Release

JCR-VIS assigns preliminary rating of A(SO) to proposed TFCs issues of Tameer Micro Finance Bank Limited

Karachi, October 9, 2012: JCR-VIS Credit Rating Company Limited has assigned preliminary rating of ‘A(SO)’ (Single A (Structured Obligation)) to the proposed TFC issues (TFC-1 & TFC-2) of Tameer Micro Finance Bank Limited (Tameer). Outlook on the assigned ratings is ‘Stable’. The entity rating of Tameer is ‘A/A-1’ (Single A/A-One).

The preliminary rating assigned to the TFC issues takes into account 40% partial guarantee of the outstanding principal from State Bank of Pakistan under the Microfinance Credit Guarantee Facility. TFC-1 will be redeemed in bullet at the end of 13 months while TFC-2 has a tenor of 24 months. Both TFCs are of Rs. 500m each.

For further information on this rating announcement, please contact the undersigned (Ext: 501) or Ms. Sobia Maqbool, CFA (Ext: 506) at 35311861-72 or fax to 35311873.



Javed Callea
Advisor

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