Regulatory Alerts2026-06-29
Added · Updated
PACRA Non-Banking Finance Companies Rating Scale and Definitions
Pakistan Credit Rating Agency (PACRA) issued this document in October 2024 to define the credit rating scale and operational definitions for Non-Banking Finance Companies. The criteria establish long-term ratings from AAA to D and short-term ratings from A1+ to A4, which reflect the forward-looking likelihood of default and capacity to honor financial obligations. The text further details rating modifiers including outlooks, watches, and suspension protocols, while specifying that these scales apply to various methodologies such as corporate and financial institution ratings.
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