JCR-VIS Credit Rating Company Limited (JCR-VIS) assigned initial entity ratings to Pak Brunei Investment Company Limited (PBIC) at AA+/A-1+ (Double A Plus / A-One Plus)
Entity Rating
Long term AA+
Short term A1+
JCR-VIS Credit Rating Limited (JCR-VIS) has assigned initial entity ratings to Pak Brunei Investment Company Limited (PBIC) at AA+/A-1+ (Double A Plus / A-One Plus). Outlook on the assigned ratings is ‘Stable’. These ratings denote high credit quality along with highest certainty of timely payment
PBIC Press Release
The ratings assigned to PBIC incorporate the sovereign ownership of the company, with Government of Pakistan and Brunei Investment Agency being equal shareholders. Board members and management of the company comprise seasoned professionals with considerable experience in the financial sector. Comfort is also drawn from the strong asset quality maintained by the company, which is reflective of the sound risk and control infrastructure in place.