PACRA Maintains Stability Rating of UBL Cash Fund

Lahore, March 29, 2023 (PPI-OT): UBL Cash Fund (or the Fund) is a low risk profile Fund. The assigned rating reflects the strength of the Fund’s credit and interest rate risk profile. The Fund had allocated ~57.6% in T-Bills, ~17.9% in bank majority in AAA rated bank. Whereas ~1.8% in commercial papers rated AA and ~22.6% in other receivables at the end Dec’22.

The duration of the Fund stood at 1 day at the end Dec’22, limiting the exposure to interest rate risk. The WAM of the Fund stood at 29 days at the end Dec’22, limiting exposure to credit risk. The unit holding pattern of the Fund was ~49.79% representing top ten investor concentration. Going forward, any Material changes in the investment policy or the devised rating criteria for the assigned rating would have an impact on the ratings.

For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425