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The Pakistan Credit Rating Agency Limited
Press Release
Date
25-Aug-26

Analyst
Muhammad Umer Munir
umer.munir@pacra.com
+92-42-35869504
www.pacra.com

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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 the Entity Ratings of U Microfinance Bank Limited

Rating Type Entity
Current
(25-Aug-26 ) 		Previous
(14-Sep-24 )
Action Withdraw Maintain
Long Term - A+
Short Term - A1
Outlook Stable
Rating Watch - -

In accordance with the management's decision not to continue the Entity Ratings with PACRA, the ratings of U Microfinance Bank are being withdrawn.
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About the Entity
The Bank is a wholly-owned subsidiary of PTCL, which is co-owned by the Government of Pakistan (62%) and Etisalat International Pakistan (LLC) (26%) (Etisalat), a state-owned Telecom Corporation of UAE.

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.