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
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.