The Pakistan Credit Rating Agency Limited
Press Release


Muhammad Noor Ul Haq

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PACRA Withdraws Entity Ratings of SME Leasing Limited

Rating Type Entity
(24-Mar-23 )
(06-Apr-22 )
Action Withdraw Maintain
Long Term - B-
Short Term - A4
Outlook Negative
Rating Watch - Yes

Subsequent to management's decision to discontinue the entity ratings of SME Leasing Limited,
PACRA withdraws the entity ratings of SME Leasing Limited.

About the Entity
SME Leasing Limited, a non-deposit taking leasing company in Pakistan, commenced Operations in 2002. SLL's major shareholder (~73%), is SME Bank Limited. SLL has obtained a license of non-deposit taking NBFC from SECP. The board incorporates a good mix of non–executive and independent members. It also has nominee directors of SMEBL. The leadership of Company has been taken over by Mr. Asghar Maqsood as its Chief Executive Officer. He is assisted by a team of professionals.

The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.