PACRA Maintains Stability Rating of NBP Government Securities Savings 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 Savings Fund (or the 'Fund') is a medium risk?profile fund. The assigned rating reflects moderate strength of the fund's credit and interest rate risk profile. The Fund had allocated 31% of assets to bank placements mainly in 'AA+' banks, ~33.32% in T-Bills whereas ~33.9% in PIBs. The duration of the Fund stood at 183 days at the end Jun'22 (Dec'21: 203 days), exposing the fund to interest rate risk.

The WAM of the Fund stood at 196 days at the end Jun'22 (Dec'21: 222 days), exposing the Fund to moderate credit risk due to investment in PIBs and Govt Securities credit risk is manageable. The top 10 investors possess a concentration...

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