2026-06-29
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The Pakistan Credit Rating Agency issued this methodology to define the framework for assigning credit ratings to Non-Banking Finance Companies, including leasing, housing finance, and digital lending entities. The approach evaluates qualitative factors such as ownership, governance, and management alongside quantitative assessments of business and financial risk. Specific considerations address industry dynamics, relative market position, revenue diversification, and cost structure to determine the sustainability of an NBFC's credit quality.