JCR-VIS Credit Rating Company Ltd. has assigned stable outlook to the entity ratings of Khushhali Microfinance Bank Limited (KBL). Following a recent review, JCR-VIS has upgraded the entity ratings of KBL from ‘A/A-1’ (Single A/A-One) to ‘A+/A-1’ (single A Plus/A-One).

The assigned rating reflects KBL as the best rated microfinance institution of Pakistan. This is also a consideration of reputable domestic and international investors which has marked advancement in governance of infrastructure and strategy formulation as reflected by the improvement marked by the bank in recent years.

KBL has the largest branch network spread across all provinces of the country and a leading market share with expanding market penetration and diversification from rural to urban markets through the launch of Micro, Small & Medium Enterprise (MSME).