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Credit Rating
Pakistan Credit Rating Agency Limited (PACRA) has rated Standard Chartered leasing Limited.
Long Term Rating
PACRA has upgraded the long term rating of Standard Chartered Leasing Limited to 'AA-' (Double A Minus).
Short Term Rating PACRA has maintained the short term rating at 'A1+' (A one Plus).
Credit Quality These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.
The ratings reflect the strengthening of Standard Chartered Leasing Limited profile with the implementation of strong risk management systems, policies and procedures – acquired from the parent, Standard Chartered Bank Pakistan Limited. The ratings also recognize the financial and business support to the company by the parent. Meanwhile the company has an improved risk absorption capacity, emanating from relatively low leveraging and limited drag of net NPL’s on its equity base.
In addition to continuous support and guidance in strategy formulation from SCBPL, management’s ability to pro-actively align its internal processes and systems with the Bank would remain critical. Meanwhile the development of sustainable business model would remain important.
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