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| Credit Rating |
| JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned FNBM Medium to Long-Term entry rating of A- (Single A minus) and Short-Term rating of A-2 (A Two). The outlook for the medium to long-term rating has been improved from "stable" to "positive". The outlook has been improved on the basis of stand alone sustainability of the Modaraba. |
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