Analyst
Muhammad Nadeem Sheikh
nadeem.sheikh@pacra.com
+92-42-35869504
www.pacra.com
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Related Research
NRSP Microfinance Bank Limited Redeems Privately Placed TFC | Jun-16; PACRA Withdraws Instrument Rating
Rating Type | Debt Instrument | |
Current (19-Oct-18 ) |
Previous (30-Apr-18 ) |
|
Action | Withdraw | Maintain |
Long Term | A | A |
Short Term | - | - |
Outlook | Stable | |
Rating Watch | - | - |
NRSP Microfinance Bank Limited issued a secured, privately placed Term Finance Certificate (TFC) of PKR 3bln in June-16 for a tenor of 2 years. The Instrument due for final redemption on 30-June-18 has been fully redeemed. PACRA withdraws the Instrument Rating with immediate effect.
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