Karachi, December 08, 2017 (PPI-OT):JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has assigned initial Broker Management Rating of ‘BMR2+’ to BMA Capital Management Limited (BMA). Outlook on the assigned rating is ‘Stable’. The rating signifies robust internal and external control framework, client relationship management, HR and IT services; risk management and regulatory compliance levels are sound with adequate financial management.
Assigned rating reflects BMA’s compliance to regulations and quality of board level governance to be sound; however, improvement in board composition and formation of board level Risk Management and Human Resources committee would further enhance governance. Although internal control framework remains strong, the same may be further strengthened by greater documentation and broadening the scope of policy reviews. Financial performance remains a function of focus on diversification of revenue streams, leverage indicators and monitoring of efficiency levels.
For more information, contact:
JCR-VIS Credit Rating Company Limited
VIS House, 128/C,
25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi