National Bank of Pakistan - Ratings Downgraded

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of National Bank of Pakistan (NBP) to 'C+' and 'C', respectively, from 'B-' and 'B'. At the same time, CI Ratings has lowered NBP's Bank Standalone Rating (BSR) to 'c', from 'b-', and Core Financial Strength (CFS) rating to 'b+', from 'bb-'. The Outlook for all ratings has been revised to Stable from Negative. The Extraordinary Support Level (ESL) of Moderate has been affirmed.

Attachments

• Rating Announcement (CRA)
  PDF Download Available
  
• Bank Rating Report (Pakistan, National Bank of Pakistan)
  Purchase Available - View price list