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The Pakistan Credit Rating Agency Limited
Press Release

Date
17-Mar-18

Analyst
Muneeb Rashid
muneeb.rashid@pacra.com
+92-42-35869504
www.pacra.com

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Disclaimer
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA

PACRA withdraws instrument Rating of Standard Chartered Bank (Pakistan) Limited | TFC IV | Jun-12 due to exercise of call option

Issuer Standard Chartered Bank (Pakistan) Limited
Instrument TFC-IV
Amount PKR 2500 mln
Issuance Date 29-Jun-12
Tenor 120 Years
Redemption Date 01-Jan-70
Outstanding Amount -

Rating Type Debt Instrument
Current
(17-Mar-18)
Previous
(29-Dec-17)
Action Redeem Maintain
Long Term - AAA
Short Term - -
Outlook - Stable
Rating Watch - -


About the Entity

The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.