PACRA Upgrades Broker Management Rating of Optimus Capital Management (Private) Limited - Press Release issued by The Pakistan Credit Rating Agency Limited.

Lahore -- May 24, 2019 (PPI-OT)

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

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The rating reflects the sound ability of the company to retain its market share in lackluster equity market activity. The rating incorporates the company's sound business strategy and acumen and ability to provide extensive equity research. The company has devised comprehensive IT policy, KYC Risk Management procedures and Disaster Recovery Plan. The management team comprises Seasoned professionals that ensures sound quality of services.

The company has majority of its revenue from local clients and management has devised a suitable strategy to attract foreign customers which would accumulate revenues. The company has zero leveraged capital structure and adequate capitalization levels with the Net Capital Balance of ~PKR 231mln as at 31st March 2019. The equity base of ~PKR 336mln provides cushion against potential losses. The company has no...