Analyst
Shahzaib Khalid
shahzaib.khalid@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
Related Research
PACRA Withdraws Entity Ratings of JS Investments Limited
Rating Type | Entity | |
Current (30-Aug-18 ) |
Previous (22-Dec-17 ) |
|
Action | Withdraw | Maintain |
Long Term | - | A+ |
Short Term | - | A1 |
Outlook | - | Stable |
Rating Watch | - | - |
The management of JS Investments Limited is not interested in continuation of rating process. Hence, PACRA withdraws Entity Ratings [Long Term A+, Short Term A1] of JS Investments Limited with immediate effect.
.
About
the Entity
Incorporated in 1995 and listed on PSX since April 24, 2007, JS Investments Limited is a private sector asset management company in Pakistan. It is a subsidiary of JS Bank Limited - 65% shareholding at end-Dec17. JS Bank, has a country-wide network of 323 branches (at end-Dec17). It carries a long-term rating of "AA-" and short-term rating of "A1+" by PACRA. JS Investments is managing 19 open-end mutual funds and 6 pension schemes with collective AUMs of PKR 14,932mln at end-June-18.