The Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of Standard Chartered Modaraba (SCM) at ‘AA+' (Double A plus) and ‘A1+' (A one plus) for the long-term and short-term respectively. These are the highest ratings assigned to any Modaraba and indicate low expectation of credit risk and very strong capacity for timely payment of financial commitments.

SCM's ratings reflect its strong franchise and the consistently high quality asset portfolio. The ratings also take into account the strong support factor drawn from SCM's affiliation with the Standard Chartered Group in Pakistan (SC).

About the Modaraba: Established in 1987, SCM is a perpetual, multi-purpose Modaraba, listed on the Karachi and Lahore stock exchanges. Standard Chartered Services of Pakistan (Pvt.) Ltd – a wholly owned subsidiary of Standard Chartered Bank – manages the Modaraba. Standard Chartered, incorporated in England with limited liability by Royal Charter 1853, is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FTSE-100 companies, by market capitalization. The Modaraba is primarily engaged in lease financing and operates from offices in Karachi, Lahore and Islamabad. It plans to maintain steady growth in its core business of leasing while adding some innovation to the product range. This is expected to provide diversified income stream to the Modaraba, going forward.