LAHORE (PPI) - JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of Khushhalibank Limited (KBL) to 'A (Single A) from 'A- (Single A Minus) for the medium to long-term and A-1 (A One) from A-2 (A Two) for the short-term. The ratings reflect Khushhalibanks ability to withstand tough operating environment and maintain its market standing. It also highlights KBLs position as one of the largest microfinance bank operating in the MFB sector in Pakistan. Commenting on this development Ghalib Nishtar, President, Khushhaibank stated The ratings reflect Khushhalibanks adequate capitalization and extensive industry experience of its board and senior management. The ratings underscore the banks sound understanding of the microfinance sector and its meticulous due diligence and monitoring system.