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-PACRA ends AM3 ratings on IGI Funds.

BANKING AND CREDIT NEWS-June 29, 2011--PACRA ends AM3 ratings on IGI Funds(C)2011 M2 COMMUNICATIONS

29 June 2011 - The Pakistan Credit Rating Agency (PACRA) said Tuesday it pulled its AM3 asset manager ratings on local investment manager IGI Funds Ltd, part of IGI Investment Bank Ltd (KAR:IGIBL).

The withdrawal had immediate effect.

The outlook on the ratings was "positive".

The ratings were terminated as IGI Funds decided to end its rating relationship with the agency.

((Comments on this story may be sent to>PDJune 29, 2011>JNBANKING AND CREDIT NEWS.PRICEDATENOT APPLICABLE.DAY

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 29, 2011
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