Press Release
PACRA Withdraw Broker Fiduciary Rating of Cedar Capital (Pvt.) Limited
Date: 23-Jun-23
|
Rating Details | Rating Type | BFR | |
Dissemination Date | Current (23-Jun-23 ) | Previous (24-Jun-22) | |
Action | Withdraw | Maintain | |
Rating | - | BFR 3 | |
Outlook | Stable | ||
Rating Watch | - | - |
Rating Rationale | Factor | Comment |
Ownership | ||
Governance | ||
Management and Client Services | . | |
Internal Controls and Regulatory Compliance | ||
Business Sustainability | ||
Financial Sustainability |
Key Rating Drivers |
About the Entity | |
Legal Structure | Private Limited |
Year of Establishment | 07-Feb-08 |
Type of License | Trading and Self-clearing |
Majority Ownership | Mr. Umair Amanullah | ~74% |
Regulatory Disclosures | Analyst | Applicable Criteria | Related Research |
Afnan Iqbal afnan.iqbal@pacra.com +92-42-35869504 www.pacra.com |
Methodology | Broker Fiduciary Rating | Jan-23 |
Sector Study | Brokerage & Securities | Jan-23 |
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. 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 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. |