Moody's Upgrades Deposit Ratings of Pak Banks

Moody's upgrades deposit ratings of Pak banks

Moody's Ratings has upgraded to Caa1 from Caa2 the local and foreign-currency long-term deposit ratings of five Pakistani banks namely Allied Bank Limited (ABL), Habib Bank Limited (HBL), MCB Bank, National Bank of Pakistan (NBP) and United Bank Limited (UBL). "We have also upgraded the baseline credit assessments (BCAs) and adjusted BCAs for ABL, HBL, MCB and UBL to Caa1 from Caa2, and for NBP to Caa2 from Caa3," the rating agency said in a sta…

Moody’s Upgrades Ratings of Five Pakistani Banks to Caa1 Amid IMF Progress

Moody’s Ratings has upgraded the long-term deposit ratings of five major Pakistani banks, reflecting an improved economic outlook. Allied Bank (ABL), Habib Bank (HBL), MCB Bank, National Bank of Pakistan (NBP), and United Bank (UBL) all received upgrades to Caa1 from Caa2. The agency also lifted the Baseline Credit Assessments (BCAs) and Adjusted BCAs for […] The post Moody’s Upgrades Ratings of Five Pakistani Banks to Caa1 Amid IMF Progress app…

Moody’s upgrades deposit ratings of five Pakistani banks

The agency changes the outlook on long-term deposit ratings of all banks from positive to stable