Meezan Bank entity rating of AA- for medium to long term and A-1+ for short-term

Meezan Bank entity rating upgraded by JCR-VIS

JCR-VIS, the Bank’s Credit Rating Agency has maintained Bank’s medium to long-term rating from at AA- (Double A Minus) with Stable Outlook and upgraded short-term rating from A-1 (A-One) to A-1+ (A-One Plus).

Double AA- rating assigned by JCR – VIS denotes high credit quality, strong protection factors and modest risk but may vary from time to time because of economic conditions. Whereas short term rating A-1+ denotes high certainty of timely payments, excellent liquidity factors supported by good fundamental protection factors and minor risk factors.

The following entity rating of the bank has issued on June 1, 2011 by the Bank’s credit rating agency JCR-VIS Credit Rating Company Ltd: