The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term and short-term entity ratings of JS Bank Limited to “A” (Single A) and “A1” (A One), respectively.
These ratings denote low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.
The ratings reflect the improvement in JSBL’s relative positioning amongst peers and appreciable progress accomplished in formulating a cogent business strategy, strengthening systems and controls, developing a core management team, expanding the branch network and successfully implementing the technology infrastructure.
The bank’s association with a diversified business group – the JS Group – is a key rating factor. The group is providing proactive support – financial resources and strategic guidance – to the bank in establishing itself in a highly competitive banking industry.
