JCR-Vis is a Pakistan based Credit Rating Agency affiliated to Japan Credit Rating Agency.

JCR-VIS is registered with the Securities and Exchange Commission of Pakistan (“SECP”). JCR-VIS is recognized as an ECAI by SBP.

Business model: JCR-VIS operates under the issuer-pays model, but may assign unsolicited ratings on a selective basis.

Coverage: JCR-Vis covers commercial banks, Micro-finance banks, leasing companies, Islamic finance, Industrial Corporates in Pakistan. JCR Vis futher assigns ratings to Asset management Companies, Insurer Financial Strength ratings and Corporate Governance Ratings. As of October 2014, JCR-VIS reports approx. 120 ratings (excluding Mutual fund ratings).

JCR-VIS is a partner of International Islamic Rating Agency (IIRA), Bahrain and CRISL in Bangladesh.

Availability of ratings and reports at website: the list of rated entities is available under the Section “Ratings”. While press releases are usually available, rating reports are not.