Rating of the Bank and Instrument
As of June 27, 2019, the JCR VIS Credit Rating Company Limited has maintained the entity ratings of Silk Bank Limited as given below. Outlook on the assigned ratings has been revised from “Positive” to “Stable”.
Rating Details |
||||
| Latest Rating | Previous Rating | |||
| Rating Category | Long-term | Short-term | Long-term | Short-term |
| Entity Rating | A- | A-2 | A- | A-2 |
| Outlook | Stable |
Positive | ||
| Date | June 27, 2019 |
June 29,’2018 | ||
Rated, Privately Placed, Unsecured and Subordinated Term Finance Certificates
Rating of the Instrument: A- (“Single A Minus”) by JCR.