National Bank of Pakistan ’s Ratings Affirmed with a Stable Outlook
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Summary
Ref: PK 0 0 8 1 9 CRA00- 01 21 October 2020
National Bank of Pakistan ’s Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of National Bank of Pakistan ( NBP ) at ‘B-’ and ‘B’, respectively. At th e same time, CI Ratings has affirmed NBP’s BSR of ‘b-’ and CFS rating of ‘bb-’. The Outlook for the LT FCR and BSR is Stable.
The Bank’s LT FCR is at the same level as the BSR and is constrained by CI’s internal assessment of sovereign credit risk for Pakistan , as is the BSR . NBP’s FCRs reflect its financial credit strengths of majority government ownership, its good funding profile which is supported by a very high level of liquid assets, a large and stable deposit base, which is twice that of net…