(ADPnews) - Feb 28, 2011 - Pakistan's JCR-VIS revised on Friday the rating watch status of Silkbank Ltd (KAR:SPCB) to "developing" from "positive".
The agency issued the following press release:
Karachi, February 25, 2011: JCR-VIS Credit Rating Company Limited has revisited the ratings of Silkbank Limited. The bank had met minimum paid up capital requirement of Rs. 6b by June 2010. However, the minimum capital requirement of Rs. 7b for December 2010 has not been met due to unsubscribed rights issue as Bank Muscat, a sponsor shareholder, who had approved issuance of the rights could not subscribe to …
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