PACRA is Pakistan’s first and leading credit rating agency, established in 1994 as a joint venture with Fitch Ratings, IFC, and LSE Financial Services. With over 8,500 rating opinions across financial and corporate sectors, PACRA plays a key role in assessing credit risk in Pakistan. It maintains a strong national presence and has expanded internationally through collaborations with Fitch and technical assistance projects. PACRA provides credit ratings for corporate entities and fixed-income instruments, as well as specialized ratings for mutual funds, insurance companies, brokers, and social impact initiatives.
