JCR-VIS assigns BMR2+ to BIPL securities

KARACHI:JCR-VIS Credit Rating Company Limited has assigned initial Brokers Management Rating of ‘BMR2 +’ to BIPL Securities Limited.

The outlook on the assigned rating is stable, says press release here on Tuesday. The rating signifies robust external control environment and regulatory compliance levels, sound internal controls, effective compliance and risk management frameworks. Besides, financial management of the company is considered sound ; human resources, information technology and customer services are sufficiently proactive.