2015•SSRN Electronic JournalOpen access

Credit-Rating Business in Pakistan: Norms & Practices

Aisha Kamran, Kamran Ahmed Siddiqui

Abstract

The paper aims to present duopoly based credit-rating business in Pakistan that comprises on two companies i.e., (a) Pakistan Credit Rating Agency Limited (PACRA) and (b) Japan Credit Rating – Vital Information Services Credit Rating Co. Ltd. (JCR-VIS). This research presents comparisons between two credit rating agencies on six operational issues; (a) Services Offered; (b) Pricing Issues; (c) Rating Processes; (d) Rating Scales and (e) Strategic Issues for both companies. It provides valuable insights in understanding the local credit rating industry and selection of a particular agency for credit rating.

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Key concepts: Credit rating, Bond credit rating, Credit enhancement, Agency (philosophy), Business, Credit reference, Credit history, Finance