October 11, 2022 (MLN): Moody’s Investors Service downgraded long-term deposit ratings to Caa1 from B3 of Allied Bank, Habib Bank, MCB Bank, National Bank of Pakistan, and United Bank, according to a statement by the rating agency.
Moody’s lowered the baseline credit assessments of ABL, MCB, and UBL to Caa1 from B3, and affirmed NBP and HBL at Caa1.
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Posted on:2022-10-11T15:36:01+05:00
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