Lahore, June 29, 2015 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has revised the asset manager rating of BMA Asset Management Limited (BMA AMC) to “AM3″ (AM Three) [Previous Rating: AM3+]. The rating reflects that the company meets good investment management standards and benchmarks.
The rating reflects the company’s efforts to hold its position in its specific niche – Separately Managed Accounts (SMA). The Company’s absolute size and the system share have witnessed decline. Under the aegis of the sponsoring company, the new management is striving to regain its position. The brand of the group, its historical relationships, and operating platform are crucial advantages. However, the ability to deliver competitive performance and build on strengths awaits demonstration.
The rating is dependent on a focused strategy resulting in enhancement in company’s competitive positioning in the industry; herein, essential support from the sponsoring company is in order. Upholding strong governance environment ensuring transparency and fairness and delivering competitive performance in both the segments remains important.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425