2025-10-31

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REIT Fund Rating Scale

PACRA establishes a standardized REIT Fund Rating Scale to evaluate the likelihood of successful project implementation and asset risk factors for Development or Hybrid REIT funds. The framework assigns ratings from RFR1 (Exceptionally Strong) to RFR5 (Weak quality), supplemented by outlook indicators, rating watches, and specific actions for suspension or withdrawal. Ongoing surveillance requires comprehensive reviews at least every six months, with interim assessments triggered by material events to maintain rating accuracy.

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Pakistan

The Pakistan Credit Rating Agency

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