Raqami Islamic Digital Bank Limited (RIDBL) has acknowledged the preliminary entity ratings of ‘AA (plim)/A1’ with a stable outlook assigned by VIS Credit Rating Company Limited. The long-term rating reflects high credit quality with strong protection factors while the short-term rating indicates a sound capacity for timely repayment supported by robust liquidity. VIS will reassess the ratings once the State Bank of Pakistan (SBP) issues RIDBL’s commercial Digital Retail Bank (DRB) licence.
RIDBL was incorporated on Ju
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