PACRA upgrades Askari Bank's long-term rating to AAA
The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of Askari Bank Limited (PSX:AKBL) to AAA from AA+, while maintaining the short-term rating at A1+ with a stable outlook.
July 22, 2026 (MLN): The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of Askari Bank Limited (PSX:AKBL) to AAA from AA+, while maintaining the short-term rating at A1+ with a stable outlook. PACRA attributed the upgrade to the Bank's sustained financial performance, robust capitalization, and strengthened balance sheet, complemented by strategic support from its ownership structure....