Entity Rating
Long term AA
Short term A1+
The Pakistan Credit Rating Agency (PACRA) has re-affirmed the long-term and short-term entity ratings of ‘AA’ (Double A) and ‘A1+’ (A One Plus), respectively, to Pak Brunei Investment Company (PBIC) in June 2011. These ratings indicate a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
The ratings reflect the joint ownership of PBIC by the governments of Pakistan and Brunei Darussalam, implying strong support to the company in the event of contingency. At the same time, the ratings factor in the strong risk absorption capacity of the company on the back of the strong capital structure.
