Allied Bank Limited’s credit rating as on June 2012

Karachi, July 06, 2012 (PPI-OT): In terms of prudential regulation (G-4) we are pleased to attach copy of Rating Report issued by PACRA on Allied Bank Limited (ABL).

The Pakistan Credit Rating Agency (PACRA) has upgraded long-term ratings of Allied Bank Limited to “AA+” (Double A plus) [Previous Rating: "AA"]. The short-term rating of the bank is already at the highest level of “A1+” (A One plus), The rating of the unsecured, listed and subordinated TFC-II (PKR 3,000 Million) has been upgraded to “AA” (Double A) [Previous Rating: "AA-"]. The ratings denote a very low expectation of credit risk, emanating from a very strong capacity for timely payment of financial commitments.

For more information, Contact:
Muhammad Raffat
Company Secretary
Allied Bank Limited
8 Kashmir Road,
Lahore- 54000, Pakistan
Website: www.abl.com.pk