Regulatory Alerts2026-02-04
Added · Updated
PACRA Credit Rating Scale & Definitions
The Pakistan Credit Rating Agency (PACRA) establishes a standardized credit rating scale and associated definitions to assess the forward-looking financial obligations of entities and debt instruments. The framework delineates long-term ratings from AAA (highest quality) to D (default), alongside short-term ratings from A1+ to A4, while defining rating modifiers such as outlooks, watches, suspensions, and withdrawals. These criteria apply across multiple financial methodologies including corporate, broker, and non-banking finance entities, mandating ongoing surveillance and timely updates to ensure rating accuracy.
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