PACRA Maintains Stability Rating of NBP Government Securities Liquid Fund - Press Release issued by The Pakistan Credit Rating Agency Limited.

Lahore -- September 29, 2022 (PPI-OT)

Following is the text of press release issued by The Pakistan Credit Rating Agency Limited (PACRA)

Quote

NBP Government Securities Liquid Fund (or the 'Fund') is a very low risk-profile fund. The assigned rating reflects moderate strength of the fund's credit and interest rate risk profile. The Fund had invested 98% in Bank Alfalah Limited rated AA+ which shows high concentration risk. To mitigate the concentration risk, the management has plans to diversify its banking exposure by investing ~30% in three different triple AAA rated banks.

The duration and WAM of the Fund stood at 1 day at the end Jun'22 (Dec'21: 12 days), limiting the exposure to interest rate and credit risk. The Fund's top 10 investor concentration stood at 63% of net assets at end-Jun'22 out...

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